Low interest rates bring property investors out of hibernation

(Image: Getty)

Fri, 25 Oct 2024

Residential property investors have come out of hibernation now that interest rates are comfortably off their peaks.Investors borrowed nearly $1.4 billion from banks in September – the largest sum for a month since November 2021, when the property market was red hot.Investors borrowed 5% more in September than they did in August, and 54% more than they did in September last year, according to Reserve Bank figures.While high interest rates through 2022 and 2023 cooled the property market, strict loan-to-value ratio (LVR) restrictions...

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