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ABS: Investor housing loan commitments rise 13.3per cent
2 July 2021
New housing loan commitments rose 4.9 per cent in May 2021 (seasonally adjusted) to a new high of $32.6 billion, driven by investor housing loan commitments, according to statistics released today by the Australian Bureau of Statistics (ABS).
ABS head of Finance and Wealth, Katherine Keenan, said: “The value of new loan commitments for investor housing rose 13.3 per cent to $9.1 billion in May 2021, which was the highest level since April 2015.”
“The value of investor loan commitments rose 116 per cent in the year to May 2021, after falling to a 20 year low in May 2020.”
“Investor loans equated to 28 per cent of the total value of housing loan commitments in May2021, compared to 46 per cent in 2015. This reflects the very strong growth in owner occupier loan commitments over the last year.”
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