“Investor Loans Skyrocket in Queensland, Reach All-Time High”

Australia, Police

Article: In a recent report released by the Australian Bureau of Statistics (ABS), the total value of new housing loans experienced a 1.

May, amounting to $28.

This decline was observed across all types of buyers, with investor loans falling by 1.

Despite this monthly decline, the value of new home loan commitments has still seen an 18 per cent increase over the past year.

Notably, investor loans have witnessed stronger growth than owner-occupiers over this period.

Since May 2023, new investor loans have trended upwards across most states and territories, with New South Wales seeing a 24.

Queensland a 48.

Western Australia a significant 73.

Queensland, in particular, has stood out as the value of new loans to investors reached an all-time high of $2.

May.

This marks the third consecutive month that Queensland has surpassed Victoria in this regard.

Fiona Cotsell, ABS head of finance statistics, attributed this to investors in Queensland taking out larger loans compared to last year, with the average loan size increasing by 14.

May 2023, from $508,000 to $580,000.

In contrast, the average loan size in Victoria fell by 3.

The value of new loan commitments for total fixed term personal finance fell by 0.

Source