NEWS
Property Investment Soars
The total value of loans taken out for property investment has risen by over 26%, according to official figures.
In recent months investors have become the main force driving the property market as the total value of loans taken for investment purposes climbed by 2.1%.
Over the past year, investment loans have increased by 26.1%, according to the Australian Bureau of Statistics.
Housing finance is up over 14% in annual terms and construction loans have increased by more than 100% compared to a year ago.
Source: Australian Bureau of Statistics
Published: 26 January 2010