This should not be a surprise.
''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.''
Read more: http://www.news.com.au/realestate/investing/two-speed-home-buyers-in-a-house-divided/story-fndbarft-1226534202485#ixzz2EhKOBNeB
http://www.news.com.au/realestate/investing/two-speed-home-buyers-in-a-house-divided/story-fndbarft-1226534202485
- Forums
- Property
- investors are moving back into housing
investors are moving back into housing
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated