Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.
Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.

Home buyers step up as investors wane: ABS

LOANS to owner-occupiers increased in both number and overall size in September as the amount borrowed by property investors waned, the Australian Bureau of Statistics says.

The number of new commitments for owner-occupier dwellings rose by 34,410 - or 3.6 per cent - during the month, and grew by 3.2 per cent for a total value of $14.24 billion.

Conversely, the value of investor lending slipped by 4.0 per cent to $4.7 billion during the month, after climbing by 5.7 per cent in August.

The total seasonally adjusted value of new lending commitments to households increased by just 1.1 per cent to $34.1 billion in September, slowing from a 3.8 per cent rise in August.

Lending to businesses soared by 19.1 per cent to $37.2 billion to drive a 9.8 per cent increase in total lending to $71.3 billion.


Young bookworms to read popular children’s book simultaneously

premium_icon Young bookworms to read popular children’s book...

The annual event is aimed at promoting a love of reading and literacy

Hidden artworks bring joy to Ipswich families

premium_icon Hidden artworks bring joy to Ipswich families

Find out where you can get your hands on one here

REVEALED: 40-31 of Ipswich’s Most Influential People

premium_icon REVEALED: 40-31 of Ipswich’s Most Influential People

Here’s the next in our series of Ipswich’s Most Influential people