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Value of lending for housing in Australia rises

The value of lending for housing in Australia rose in September, reversing falls in August.

The increase was driven by financing to investors, confirming a trend which currently has regulators looking at imposing some controls on this segment of the market.

The ABS said on Monday that the value of loans to owner-occupiers and investors climbed 2.3 per cent, seasonally-adjusted, to nearly $28.9 billion during September. The month-on-month increase translates to year-on-year growth of 13.4 per cent.

Read more: http://www.smh.com.au/business/property/value-of-lending-for-housing-in-australia-rises-20141110-11jlj3.html#ixzz3IlCRNgot

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.