Investor loans account for record 50% of the market, RBA watching closely: ANZ

The presence of investors is still keenly felt in the property market, with housing credit “solid” in September, according to ANZ’s Australian Economic Update from Dylan Eades and David Cannington.

Investor housing credit rose 0.9% month on month, up 9.5% over the year.

“This reflects strong investor loan approvals and is closely watched by the RBA given that some segments of the housing market have become ‘unbalanced’ in the Bank’s view,” the update explained.

“Indeed, investor housing loans now account for around 50% of housing loans (excluding owner-occupier refinancing), which is a record high.”

Investors have been particularly active in New South Wales, while other states have been far more moderated.