Property investor borrowing is close to record levels after increasing for the 14th time in 18 months.
After investors signed up for a record $11.762 billion of home loans in January 2022, volumes steadily declined, bottoming out at $7.849 billion in January 2023. Since then, investor borrowing has trended up, reaching $11.708 billion in July 2024, according to the latest data from the Australian Bureau of Statistics.
That’s an increase of 49.2%.
During the same period, owner-occupier borrowing has increased 22.5%.
Why are so many investors entering the market? Probably due to a combination of rising prices, rising rents and an expectation that interest rates might fall in early 2025.
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