Investors drive rise in housing credit

New research has revealed that investor housing credit has been accelerating over the past six months and in September posted its strongest growth since August last year.
According to the latest ANZ Quick Reaction, housing credit grew by 0.5 per cent month-on-month in September.
Investor credit increased by 0.6 per cent in the same period, which according to ANZ reflects the recent strength in investor finance approvals after last year’s “regulatory-induced slowdown”.
“This is the strongest growth for the segment since August 2015, and provides further evidence (along with the recent pickup in house prices and auction results) that sentiment in the housing market remains positive,” the bank said.
Commenting on the CoreLogic October 2016 Home Value Index Results, research director Tim Lawless highlighted that after growing by just 0.29 per cent in March, investor housing credit has been increasing steadily since then to 0.62 per cent in September.
“At the same time, credit growth for owner occupier housing has slowed. After peaking at 0.79 per cent growth in November 2015, owner occupier housing credit growth slowed to 0.49 per cent,” he elaborated.
“High values, low yields and a mature growth cycle haven’t been enough to deter investors from the market,” Mr Lawless concluded.
Suburbs We Regularly Service
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
Berwick | Clyde-north | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Narren| Narre Warren South
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