Investor Market Continues To Grow

The latest housing finance figures released by the Australian Bureau of Statistics more investors securing financing for properties, while owner occupier financing has dropped.

Investment housing commitments increased 1.6% in January, making almost three years of consecutive monthly increases.

The figures also show, in trend terms, owner-occupied finance commitments decreasing by 0.1% in January 2014, after a small December increase of 0.1%. Owner-occupied finance commitments including refinancing increased by 0.2%.

Queensland enjoyed the largest increase – still at only 0.6%. The Australian Capital Territory fell 1.6% and South Australia was unchanged.

Signs point to a robust market for investors, but a tougher climb for first home buyers, despite eight interest rate cuts since November 2011.

Venessa Paech