Firstly, the most important figures is the money borrowed to buy housing, up 15% on last year. This is a big increase, considering the a drop of 17,000 1st home buyers from the market.
Also interesting to point out that even with the 15% increase in money borrowed to purchase property, the average loan amount hasn’t changed.
This can only indicate one thing – more people are buying into the property market.
Is this increased borrowing activity a good thing for your investment property?
Or does this information indicate a good time to invest?