Investors take over from first home buyers

 

"Perhaps the most encouraging news today is the evidence that investor demand is starting to recover." BIS Shrapnel told its clients yesterday.

"Though the rebound began with first home buyers at the end of 2008, ABS data for March and April 2009 showed evidence of improvement in upgrader and investor housing loans"

The Australian Bureau of Statistics recorded a sharp rise in the value of lending to investors, which surged 8.9% in April over the previous month"

The Australian Financial Review, Thursday 11 June 2009.