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.
