Home loans buoyant, but investors subdued

Home loans buoyant, but investors subdued Colin Brinsden, AAP Economics and Business Correspondent ┬áDespite ultra-low lending rates, 20 per cent of Australians are estimated as under mortgage stress. The amount of outstanding mortgages in Australia grew by the fastest monthly pace in four years. But economists doubt financial regulators will be too concerned at this stage with investor loans still relatively subdued. New figures from the Reserve Bank of Australia showed housing credit grew by 0.6 per cent in May, the largest rise since June 2017. Annual growth now stands at 4.8 per cent, its highest since 2018. Owner-occupier loans rose 0.7 per cent in the month to 6.6 per cent, also the highest year rate since 2018. However, growth in loans to housing investors remained relatively modest, rising 0.4 per cent in May to 1.6 per cent. …
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