The many strong property markets around Australia have been uplifted primarily by owner-occupiers, including first-home buyers – but the latest loans data suggests that investors are starting to join the buying trend.
The number of property investor loan commitments has returned to pre-pandemic levels, according to figures from the Australian Bureau of Statistics. The ABS Lending Indicators for September indicates that more than $5 billion of new investor loan commitments were recorded that month – a similar value to February 2020 before the onset of the pandemic impact.
The number of investor loan commitments also increased 5% in September, after recording a monthly rise of 9% in August, according to the ABS.
Real estate professionals across Australia report rising activity from investors who are increasingly aware of strong markets, with rising prices and very low vacancy rates, particularly in regional Australia and the smaller capital cities.