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.