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New lending to investors in New South Wales has accounted for more than half of all new lending for 42 of the past 48 months

The Australian Bureau of Statistics (ABS) released lending finance data earlier today and when it is paired with the earlier housing finance data release, the figures provide insight into the value of mortgage lending over the month in each state and territory.  Over recent months investor demand for mortgages has been trending higher and this […]

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Mortgage demand from investors continues to lift

The September 2016 housing finance data was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed that there were $32.3 billion worth of housing finance commitments in September 2016 nationally which was the highest monthly value since June 2016.  The value of housing finance commitments increased by 2.3% over the month […]

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Investors are re-entering the housing market but should do so with caution

At the end of 2014, the Australian Prudential Regulation Authority (APRA) wrote to mortgage lenders reinforcing what they saw as sound mortgage lending practices.  The key points from that letter were that serviceability policy limits should be based on mortgage rates at least 2% above the product loan rate with a minimum floor assessment of […]

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Investor housing demand continues its bounce-back

Housing finance data for July 2016 was released by the Australian Bureau of Statistics (ABS) earlier today.  The release showed that the total value of mortgage lending in July 2016 was recorded at $31.8 billion which was -1.8% lower compared to the $32.4 billion worth of mortgage lending in June 2016.  The value of mortgage […]

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New lending to investors and interest-only lending jumps over the June 2016 quarter

The Australian Prudential Regulation Authority (APRA) released its June 2016 quarter property exposures data earlier this week.  The data looks at exposure to the property market by Australian Authorised Deposit-taking Institutions (ADI).  It’s valuable because it provides deeper insight into lending from mortgage lenders which isn’t available from the Australian Bureau of Statistics (ABS) monthly […]

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Where to for the housing market in Spring?

The housing market appears to be responding to a number of factors which have spurred further growth in home values.  Official interest rates are at historic low levels which has encouraged borrowing for housing and driven housing debt to record-high levels.  The low interest rate setting is also seeing significant competition amongst lenders which has […]

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A look at mortgage lending across the states and territories

Late last week the Australian Bureau of Statistics (ABS) published lending finance data for June 2016.  When this data is paired with housing finance data it provides valuable insights about the value of housing finance commitments across each state and territory. According to the data across the combined states and territories there was $34.8 billion […]

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Investor lending picks-up in June

The Australian Bureau of Statistics released housing finance data for June 2016 earlier this week.  The data showed that the value of housing finance commitments was recorded at $32.6 billion which was the highest value since August 2015 but still -2.1% lower than its record high of $33.3 billion in April 2015. Looking at the […]

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Investor housing finance commitments bounce in May 2016

Over the month there were $32.3 billion in housing finance commitments which is 1.0% higher over the past month.  Although the value of housing finance commitments increased in May 2016, they are now -4.6% lower than their August 2015 peak of $33.8 billion worth of commitments.  The CoreLogic Mortgage Index, which tracks 95% of national […]

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Adding more tax to foreign housing investment

The state governments of New South Wales, Victoria and Queensland are all now charging additional tax on foreign investment in residential property.  In New South Wales foreign buyers are being charged a 4% stamp duty surcharge from June 21.  In Victoria, foreign buyers are charged a 7% tax and in Queensland foreign buyers are being […]

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