Investor borrowing rose to its highest level in more than two years in June as buyers returned to the housing market faster than owner-occupiers and first home buyers, according to Australian Bureau of Statistics data published on Friday.
New home loan commitments to property investors rose 2.7 per cent from May to $11 billion, the highest month since March 2022. Total new investor credit – excluding refinancing – was up almost 18 per cent in 2023-24 at $117.9 billion, the official figures show.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
