Home loans are getting bigger … and bigger
According to the Reserve Bank of Australia, home loan balances grew by 0.6 per cent in March 2015. Over the last 12 months, home loan balances grew by 7.3 per cent.
The loans of investors are getting significantly bigger than the loans sold to owner occupiers.
Owner-occupier loan balances grew 5.8 per cent over 12 months to 31 March 2015. Investors' home loan balances grew 10.4 per cent over 12 months to 31March 2015.
Source: Banking Day