Housing lending ended 2019 on a high: Pete Wargent

Housing lending ended 2019 on a high: Pete Wargent
Housing lending ended 2019 on a high: Pete Wargent

EXPERT OBSERVER

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.

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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