Property investors out in force
The number of investment loans have been over double owner occupied loans in recent times.
Recent figures from the RBA indicate that the number of investment loans being written are the biggest in six years. Property investment loans grew by 9.1 per cent in the last year, whilst loans for owner occupied homes only rose by 4.9 per cent.
With the Govt making rumblings about tightening up lending for investors to slow them down it is probably a good time for you to stop sitting on the fence if you have been thinking about investing in property. Reduced LVR's are a possible tool the Govt may ask the Banks to implement. This will mean you will need a larger cash or equity contribution for your property purchase and this may well impede your progress.
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