Investor demand for housing reaches historic high.
In recent months I have noticed an increase in investors purchasing property and also actively looking for property. My own experiences tie in with rcently published data from Australian Bureau of Statistics (ABS).
The ABS has just released housing finance data for July 2014. The headline result is a 0.3 per cent rise in owner occupier housing finance commitments over the month. A more significant result is the 6.8 per cent monthly rise in investment lending. Investment lending had shown signs of slowing over recent months but has come surging back in July.
To read the full article published by RP Data click here.