Investor lending slumps but affordable areas still a magnet for buyers
In the face of plummeting investor loan lending and an uncertain economic environment, at least two major national property markets are attracting increased buyer interest.
A suburb of Townsville has seen the greatest growth in investor enquiries. (Image source: Shutterstock.com)
The number of loans to new investors has almost halved from its peak levels just a year ago.
Since peaking in March 2022, new lending to property investors is down 47 per cent to hit a level not seen since August 2020.
For all borrower types, new lending has fallen and the value of new lending to investors was down 34.8 per cent year-on-year in January.
However, irrespective of the fast rise in interest rates
and shift in market conditions, th…
