news

Investor lending soars

By Francesca Krakue
Investor lending

Fresh figures have revealed that investor lending continues to climb along with house prices. 

 

According to the ANZ Australian Economics Quick Reaction for November, the value of housing finance commitments increased by 1.8 per cent month-on-month in September, led by a solid month-on-month rise of 4.6 per cent in investor finance.

The jump in investor finance lifted annual growth to 9.6 per cent year-on-year, which according to ANZ is the first positive annual growth since July 2015.

“This likely reflects the fact that house prices continue to rise and auction clearance rates remain elevated and this will be closely monitored by policymakers in the coming months,” an ANZ representative said.

Meanwhile, the value of owner-occupied finance (excluding refinancing) fell by 0.8 per cent month-on-month in September.

Finance for first home buyers ticked up slightly by 0.9 per cent month-on-month, while finance for upgraders (excluding refinancing) fell by 1.1 per cent.

Further, the Quick Reaction found that the value of housing finance for the construction of new housing continues to weaken, alongside tighter surveyed lending conditions for developers.

“While there is a record backlog of construction work, this, together with the weaker than expected building approvals data for September, suggests approvals may be peaking,” said the ANZ representative.

 

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
Investor lending soars
SPI logo