Home News Investors make a huge comeback

Investors make a huge comeback

Font size :
The strong gain beats market expectations of a 1% rise and further justifies the recent move by the Reserve Bank of Australia to increase interest rates a second time to 6%. Investor lending jumped by 4.5% to $6.5bn worth of loans, thanks to the solid rise in the number of housing purchased for rent or resale by individuals. The proportion of loans to investors grew to 39% in the month of June. "Over the last two months, investors have been returning to the housing market in greater numbers. While the levels are still below the peak of 48%, low vacancy rates in all capital cities should see rental growth accelerate. This should further encourage investors back into the housing market," said Commonwealth Bank's Joseph Capurso. However, the increased investors' interest in housing could spell doom for new homebuyers trying to break into the property market. Already, the proportion of all loans taken by first homebuyers dropped to 17% in June to its lowest level in 11 months.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

Choosing the right mortgage is hard for many first-home buyers Choosing the right mortgage is hard for many first-home buyers

Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

To break monopoly, many smaller lenders could become banks To break monopoly, many smaller lenders could become banks The proposed change could break the Big Four’s monopoly over the mortgage market and help families get cheaper home loan rates ... Read more

Borrowing against the home: A strategy to pay for aged care Borrowing against the home: A strategy to pay for aged care Such debts can generally be divided into long-term and short-term loans ... Read more

More mortgage news and articles

Sponsored Links

Monday, Jul 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • 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