Australia’s property investor borrowing rises at fastest rate in a decade - despite interest rate rises

Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increase

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Property investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.

Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge.

Source: Guardian - World News