Investor loan volumes dip: Mortgage Choice

Investor loan volumes dip: Mortgage Choice
Investor loan volumes dip: Mortgage Choice

Mortgage brokers, Mortgage Choice has reported property investor loan approvals have dipped to a 20-month low.

The proportion of its loan approvals going to property investors fell from 34% in May to 30% in June, the lowest share since late 2013, chief executive John Flavell told Fairfax Media.

He said it was the first data pointing to a slowdown in investor lending triggered by banks' tougher credit policies.

John Flavell also noted the changes to credit policies were having an impact on some first-home buyers trying to enter the market as property investors. 

"It doesn't knock out the foreign investor. It doesn't knock out middle-aged, middle Australia with heaps of equity access and excess income and high tax. 

"It knocks out the people who are trying to get in," he said. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Loans Dip

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