Australia's home loan commitments rose 18% annually, with investor loans reaching an all-time high of $2.4bn in Queensland.
In May, Australia's home loan commitments decreased slightly, but overall rose 18% over the past year. Investor loans saw stronger growth than owner-occupier loans, with new loans to investors reaching an all-time high of $2.4bn in Queensland, exceeding Victoria for the third consecutive month. The largest increases in investor loans were in NSW, Queensland, and Western Australia.
July 08, 2024
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