Investor Interest In Australian Property Spikes
The latest data from the Australian Bureau of Statistics (ABS) has found an increase in the number of Australian property market investors last December.
The report said more investors were granted loans in December 2014 than any other month since September 2013. Figures show a 6% increase over the year to December, accounting for $12.6bn worth of loans in the same month.
Meanwhile, loans for building new investment property have also soared 5.3% in December. The new numbers suggest investors are also becoming specifically drawn to building new property to rent or sell these days.
ABS added in its study that the number of commitments for established property went up 1.3%, but this still outstripped the 0.9% growth for owner occupied housing finance.
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