''However, lending to investors rose 5.5 per cent to $7.7 billion in October, building on an 8.8 per cent increase in September, the strongest back-to-back gains in more than five years.''
''The surge comes as the Reserve Bank-led interest rate cuts of 1.75 percentage points over the past year has hit fixed-term savings accounts, drawing investors out of cash and into property.''
''The amount borrowed by property investors has now increased 21 per cent since the start of the year, making it the fastest growth rate since January 2008.''
"Term deposit rates have come down and the ability of people to get a decent yield has been impacted.'' UBS senior economist George Tharenou said.''
