๐๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐๐ผ๐ฟ๐ฟ๐ผ๐๐ถ๐ป๐ด ๐๐๐บ๐ฝ๐ ๐ฎ๐ฒ.๐ฑ% ๐ถ๐ป ๐ก๐ถ๐ป๐ฒ ๐ ๐ผ๐ป๐๐ต๐
Property investor borrowing activity has now increased for nine consecutive months, according to the Australian Bureau of Statistics.
Between February 2023, when investor activity bottomed out, and November 2023, the most recent month for which we have data, investor borrowing jumped 26.5%.
By contrast, owner-occupier borrowing rose 18.6% during the same period.
Rents are growing strongly โ November was the 40th consecutive monthly rise in rents, according to CoreLogic โ which might explain the growing number of investors entering the market.
#interestrates #homeloans #economy
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