THE CHART: Property investors fill their boots in March

Borrowing by investors was up 76% in March compared to the same time last year.

Tue, 04 May 2021

With the return of stricter loan-to-value ratios (LVRs) imminent, investors and first home buyers piled into the residential property market in March.Figures released by the Reserve Bank show $10.5 billion in residential mortgage lending was approved in March, up from $7.6b in February.Compared to the same month in 2020, residential lending was up by 70%.Investors increased their total borrowing by 76% compared to March 2020, while first home buyer lending was up by a more restrained 56%.March could be the last hurrah of an extraordinary and u...

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