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  • Investment property loans surge in Australia


    The value of property loans in Australia increased by 4.9 per cent in November to be up 21.4 per cent over the year – the strongest annual growth in 19 months.

    Chief Economist at CommSec, Craig James, said the overall loan value increase of 2.2 per cent was largely driven by investors.

    "The housing landscape may continue to cause policymakers a little bit of angst over 2017. If national home prices continue to lift, with growth largely driven by investor loans, regulators may look at further restrictions to curb lending," said Mr James.

    Across the board, owner-occupier loans increased 0.4 per cent. The number of loans for owner-occupiers rose by 0.9 per cent in November after falling by 0.6 per cent in October, only the second rise in lending in five months.

    The proportion of first home buyers in the national home loan market increased slightly from 13.7 per cent to 13.8 per cent in November, but remains below the long-term average of 19.4 per cent.

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