Data released by the reserve bank shows that almost $2billion has been added to loan books across Australia.
This data released for the month of July signified a surge in economic activity within the housing credit market with a whopping $1.97billion dollars lent to purchase Australian property.
“This was led by the owner occupier market which accounted for $1.3billion dollars of the surge whilst investor housing credit broke a two-year plateauing trend to increase by $670million.”
What these figures signify is a great balance in the housing market. A market dominated by owner occupiers signifies a level of relative affordability whilst a healthy investor level indicates a healthy level of consumer confidence in the housing market.
RElated articles
View More Articles
Explore more insights. These hand-picked articles dive deeper into practical ideas, strategies and lessons to help you keep learning.
