Home News Investor sentiment improving

Investor sentiment improving

Font size :

There are signs that the worst may be over for the property market with new data showing marked improvement in investor activity in the month of July.
The latest data from the Australian Bureau of Statistics (ABS) showed investment loans rising by 2.3%, thanks to the rise in the construction of dwellings for rent or resale (up $165m, 28.2%) and the purchase of dwellings by others for rent or resale (up $85m, 12.4%).

While the number of loans for owner–occupier loans fell 0.1%, the proportion of first homebuyers hit a nine–month high of 18.6%.

Craig James, chief economist with CommSec, said that property investors waded into the property markets in July more confident that interest rates have peaked.

“A combination of rising rents, solid population growth and falling interest rates will cause more investors to tender sale contracts to their lenders in coming months,” James said.
“We expect the RBA to hold off until November before cutting rates again. The economy is soft but the situation is hardly dire. Housing lending will gradually improve over coming months with investors expected to lead the way,” added James.

ABS also reported significant improvements in retail spending and business conditions in the same period.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

MyState refunds over-charged interest and fees to customers MyState refunds over-charged interest and fees to customers

These errors were the result of shortcomings in MyState’s manual administration processes, ASIC said Read more

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns While the end of the mining boom has had a negative impact on property prices, homes in the region have become more affordable ... Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

More mortgage news and articles

Sponsored Links

Friday, Jul 28, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords