Wednesday, 14 January 2015

Home investor loans down in all states - except NSW

The value of investor finance approved in Australia fell over November down by 6.2 percent to $11.7 billion according to the latest ABS monthly data.

Despite the fall Novembers result was the third highest on record and followed October’s record result of $12.5 billion.

All states recorded falls of home investor finance over the month with the exception of New South Wales which recorded another all-time peak result of $5.5 billion - up by 1 percent over the month.

New South Wales accounted for 48 percent of all investor lending in Australia over November indicating the continued dominance of the Sydney housing market as an investor target.