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Investor activity continues 2-year climb

By Staff Reporter
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Investor borrowing has increased steadily over the last two years, according to new data from the Australian Bureau of Statistics (ABS).

The statistics show the value of investment housing commitments increased by three per cent in November last year.

This latest rise marks over two years of consecutive monthly increases in investor activity.

Overall, total lending for housing recorded a healthy growth rate towards the end of the 2013.

The number of owner-occupied finance commitments rose by 0.6 per cent in November, following increases of 0.8 per cent in October and September.

Real Estate Institute of Australia (REIA) president Peter Bushby said the growth was strongest in New South Wales, Tasmania, Queensland and Western Australia.

Only first home buyer activity was subdued, accounting for just 12.3 per cent of owner-occupier finance commitments.

According to Mr Bushby, this is the lowest figure since data began to be collected in July 1991.

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