New investor loans lift 2.6 per cent in September

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There is evidence a peak in interest rates has triggered property investors into the housing markets. The Bureau of Statistics today shows investor loans are 2.6 per cent higher than last year. The growth in investor loans outpaced owner-occupiers. Overall owner-occupier lending was down in September.

There is evidence a peak in interest rates has triggered property investors into the housing markets.The growth in investor loans outpaced owner-occupiers.Even though first home buyers gained half a per cent, they're still down on last year.

$25 billion worth of loan commitments were agreed in September, with roughly two-thirds for owner-occupiers and a third for investors.

 

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