Owner-occupiers overtake investors in home loan growth

Posted by Simon Dehne on October 12, 2015 in Latest News with No Comments

rentalHome loans to owner-occupiers are accelerating at the same time as lending to property investors eases off.

The Bureau of Statistics housing finance data for August show the value of loan approvals for owner-occupiers grew 6.1 per cent over the month, while the value of loans to investors fell 0.4 per cent.

Excluding refinancing, owner-occupier lending jumped 8.8 per cent, which Mortgage Choice chief executive John Flavell said is the strongest result since September 2009.

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