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.