by Sanjeev Sah | Aug 06, 2024 | Market Updates

The number of people investing in housing appears to be growing, according to the latest lending data from the Australian Bureau of Statistics (ABS). 

Between May 2023 and May 2024, the number of new loan commitments for investors excluding refinancing grew 24.8% from 16,954 to 21,158. 

This was the largest number of new loans for investors since the last peak in March 2022.  

“Loans to investors have continued to see stronger growth than owner-occupiers over this period,” said ABS head of finance statistics Fiona Cotsell.  

It is likely that investors are being drawn back into the market thanks to high capital growth, with home values up 8.3% over the 12 months to May, according to CoreLogic. 

Rental rates have also continued to grow (8.5% year-on-year in May, according to CoreLogic), offering investors good rental yields.