Investor Demand Soars

Investors are continuing to enter the market, with new Australian Bureau of Statistics figures showing the number of investor loans written surged during the June quarter.

The number of loans to investors is up by 3.5%, accounting for 49,065 loans. At the same time, the number of owner-occupier loans increased by  0.9%, accounting for 80,929 loans.

The data shows that first home buyers are also active, taking out 28,861 loans during the quarter.

ABS head of finance statistics, Dr Mish Tan, says the figures show that lending activity is still at relatively high levels. 

Tan says while the number of owner-occupier loans during the quarter is slightly lower than at the same time last year, the value of loans rose by 7.4%.

The total value of loans throughout the June quarter reached $87.7 billion, which is 2% higher than the previous quarter and 7.2% higher than at the same time last year.