According to the latest mortgage index from mortgage broker Australian Financial Group (AFG) conducted in New South Wales, 53% of shares in home loans were issued to investors, the highest it has been since it conducted the study 6 years ago.
AFG saw a 14% increase in investor home loans from a year ago. Although first home loans comprise 11.8% of loans processed last month, this was a 1.6% increase from December last year. First home buyers growth was attributed to a rise in loans in Victoria and Western Australia.
Read more about this on the MyWealth News website.