Investor Housing Loans Continue to Rise, First Home Buyer Loans Surge

Australia, Police

Article: The Australian housing market continues to show strength, with the value of new housing loans to investors increasing by 1.

February 2024, according to the Australian Bureau of Statistics (ABS).

This marks a 21.

Notably, the value of new owner-occupier loans also saw a significant increase, rising by 9.

Additionally, owner-occupier first home buyer loans experienced a substantial surge of 20.

In terms of loan numbers, new owner-occupier loans rose by 0.

February 2024.

Meanwhile, owner-occupier first home buyer loans saw a notable increase of 4.

However, the ABS data also reveals a decline in total fixed-term personal finance loan commitments, with a 0.

This decrease was primarily driven by a 2.

These lending indicators highlight the ongoing strength of the Australian housing market, particularly for investors and first home buyers.

As the market continues to evolve, it will be interesting to see how these trends develop and impact the overall economy.