Investors are borrowing more than owner-occupiers

Banks and other lenders lent more to housing investors ($6.4 billion) than owner-occupiers ($6.2 billion) in November. That is the first time investors have out-borrowed owner occupiers in a month in fifteen years.

UBS analyst Jon Mott expressed concerns about the housing boom because of the rise in lending to investors. Mott said the vast majority of landlords were low-to-middle income earners, posing a risk to property prices if unemployment rises and lots of properties come onto the market.

Source: The Australian

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