Investors remain buoyant
New data from the Australian Bureau of Statistics shows the investor market is still growing around the country.
The ABS reported last month that there was a 1.3% increase in housing finance commitments for investment purposes over September compared to August. While seemingly modest, this increase still represents an additional $159 million in loans, nationally, for investment housing.
In contrast, the number of finance commitments for owner-occupants over the same period – the start of the traditional spring selling season - decreased by 0.5%.
The figures show that investors have returned in strength to the market following a lull at the start of the year. According to the ABS, over $12 billion was financed for property investment in September - a significant rise from March ($8.7bn).