Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.
Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.

Home buyers step up as investors wane: ABS

LOANS to owner-occupiers increased in both number and overall size in September as the amount borrowed by property investors waned, the Australian Bureau of Statistics says.

The number of new commitments for owner-occupier dwellings rose by 34,410 - or 3.6 per cent - during the month, and grew by 3.2 per cent for a total value of $14.24 billion.

Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.

The total seasonally adjusted value of new lending commitments to households increased by just 1.1 per cent to $34.1 billion in September, slowing from a 3.8 per cent rise in August.

Lending to businesses soared by 19.1 per cent to $37.2 billion to drive a 9.8 per cent increase in total lending to $71.3 billion.


Used drug utensil found in man’s pocket

premium_icon Used drug utensil found in man’s pocket

Police were attending a domestic violence incident when they found the used...

COVID-19 testing starts in small southwest town

premium_icon COVID-19 testing starts in small southwest town

Coronavirus testing is underway in the southwest as a precaution.