Investor loans at their lowest rates since 2009
Private sector credit data released by the Reserve Bank of Australia (RBA) in late-July indicates that property investors are starting to move away from the Australian market. Housing credit in Australia increased by 0.3% in June, a slight decrease from 0.4% in May. At the same time, annual investor-loan growth dropped to 1.6% in June. Owner-occupier loans increased by 0.6% in June.
With credit growth to housing investors dropping to -0.1% in June, it shows recent developments in the Australian housing market is affecting investors. According to the Commonwealth Ban