by Sanjeev Sah | Feb 20, 2024 | Market Updates

The total value of new home loan commitments from investors grew 20.4% last year according to the latest lending indicators from the Australian Bureau of Statistics. 

The biggest growth in investor loans was seen in Western Australia, while the Australian Capital Territory and Northern Territory decreased in investor activity. 

The changes in the value of new loan commitments from January to December 2023 were: 

* New South Wales grew 20.7% 

* Victoria grew 14.2% 

* Queensland grew 25.6% 

* South Australia grew 37.2% 

* Western Australia grew 60.9% 

* Tasmania grew 13.0% 

* ACT decreased 25.0% 

* Northern Territory decreased 42.5%