Investors no longer sitting on the fence as mortgage pile rises
The mortgage pile for residential investors is rising faster than that for owner-occupiers.
Despite sitting on the sidelines for several years after the two-year post-pandemic buying frenzy, Reserve Bank data from its Banks Loans by Purpose series show investors’ mortgages hit $100 billion at the end of last year – an increase of $7.2 billion or 7.8% over the 12 months.
In contrast, owner-occupiers now owe $284.9 billion, with their mortgage pile increasing by 5.3%...MORE»
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