New lending to investors continued to surge in January, rising 6.1% month-on-month and 67.8% year-on-year, according to the latest Australian Bureau of Statistics data.
This intensification of investor activity has begun to reverse the tendency of landlords. Sold out from the market I saw it from 2020 to the beginning of 2021.
During that time, many properties that were previously listed on the rental property were sold.
In contrast, new lending to first home buyers fell 5% in January.
First-time lending surged in 2020 and peaked in January 2021. Nevertheless, first-time homebuyers remain active, with new lending about one-third higher than before the pandemic.
Loans to existing homes during the upgrade also remained high in January, according to ABS data.
The latest data show that new lending to investors is skyrocketing.Photo: Getty
Investors’ return to the real estate market will begin to see an increase in the number of rentable homes.
Investors who left the market between 2020 and early 2021 reduced their total inventory of rental properties. There are few rents on the market And the lessees of limited choice are facing.
This trend begins to reverse as investors return to the market. It will be welcome news for lessees who should be able to choose more options.