While this was only a moderate increase for the month, on a rolling annual basis total lending has increased to a new high of $857 billion.
Investor loans - Sydney investor credit explodes
As a result as this stage investor loans may have been more impacted in other capital cities and regional centres where capital growth has been much weaker or in many cases non-existent.
A couple of observations here.
Recall that foreign buyers without Australian residency are generally granted permission to buy new residential property.
As the above chart clearly shows there is more than enough domestic business from Australian residents without needing to seek business from buyers without Australian residency.
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