by Sanjeev Sah | Oct 23, 2024 | Market Updates
Property investors appear to be making a comeback.
The latest lending indicators from the Australian Bureau of Statistics show that new investor loans increased by 1.4% ($164.7 million in value) in August 2024, bringing the total value of investor loans to $11.7 billion.
This is 34.2% higher compared to August last year and the highest it has been since January 2022.
RateCity.com.au money editor Laine Gordon commented, “If you thought investors were out of the market, think again. These figures from the ABS show the total value of lending to investors was just shy of 1% below the peak, before the first RBA hike.”
Investors currently account for around 38% of new home loans, well above the decade average.