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.


No making up for prolonged drought, but beauty tour a help

No making up for prolonged drought, but beauty tour a help

Shea Beauty was selected as one of two salons in Queensland to enjoy a visit from...

Outback tourism gives economic hope

Outback tourism gives economic hope

A record number of people visited outback Queensland this year reaching up to a...

Boys from the bush join fire fighting force

Boys from the bush join fire fighting force

Firefighters from western Queensland have travelled east to help fight...