Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increase
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Property investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.
Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge.
Continue reading...This article was originally published by The Guardian and written by Luca Ittimani.
Read original article on The Guardian