The Guardian | World news
Follow
Australia’s property investor borrowing rises at fastest rate in a decade - despite interest rate rises
Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increase
Get our breaking news email, free app or daily news podcast
Property investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.
Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge.
