Current at: 18 June 2009
Investment lending for rental dwellings has surged once again in May 2009, according to the latest ABS data.
Investment lending on dwellings for rent/resale by individuals and others increased from $574.5 million in March 2009 to $587.4 million in April 2009, a 2% increase for the month.
This continues a four month rising trend, with investment lending having increased from $448 million in January 2009 to April’s $587.4 million.
Anecdotal evidence from builders over recent months has pointed to this improving trend, and continues along with FHOG figures and other housing stimulus initiatives, to underpin HIA’s forecast for a modest improvement in housing starts in 2009/10.
