Investors are making a return to the property market with new figures from the Australian Bureau of Statistics showing the value of new investor loans has increased by 18% in the year to November.
The figures show in November there was a 1.9% increase in investment loans, while at the same time, the number of new owner-occupier loans grew by 1%.
ABS head of finance and statistics Dr Mish Tan says the increase in lending was driven by the three most populated states, NSW, Victoria and Queensland.
She says NSW had the biggest increase in loans to owner-occupiers and investors.
The data shows investors accounted for $9.72 billion of lending in November.
The figures also show that first home buyers loans grew by 3.5% in November and 20.% over the year, with the largest number of first home buyer loans written in Victoria (3516), followed by New South Wales (2730), Queensland (2173), Western Australia (1512), South Australia (720), ACT (317) Tasmania (152) and the Northern Territory (85).
