Property News & Hotspots

Investor Demand Returns

By Landsdale Property Group on February 1, 2017 in Property News | comments

The number of home-loan approvals rose 0.9% in November 2016 from October 2016, the Australian Bureau of Statistics says.

The value of loans for investment housing increased by 4.9% from October, the ABS said. Cameron Kusher, head of research at CoreLogic, says there was a clear trend emerging of investors coming back into the property market, which he expects to continue in 2017.

Kusher says a bank crackdown on lending to property investors in 2015 resulted in sharp falls in new lending to these customers, but "once they were eased, there was still a lot of investor demand in the market place."