New South Wales report: Investors at all time high

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.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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