Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Wednesday 12 February 2020

Lending begins to flow

Homebuyers return

A strong 4.4 per cent increase for housing lending in December.

This cemented a robust rebound in lending flows since the election, mainly driven by owner-occupiers (+23 per cent).

Investment loans are also up +15 per cent since the election, but from a very depleted base. 


Since the election the rebound in home loans has been driven by New South Wales (+27 per cent), Queensland (+22 per cent), and Victoria (+21 per cent). 


First homebuyer numbers hit decade highs, even ahead of the rapid take-up of the deposit scheme in January. 


There was also a big jump in the average loan size to $500,000, but I'm less sure of the integrity of this data trend.