New data reveals a surge in investor housing loans, hinting at an impending rise in property prices. Australias housing policy, focusing on boosting demand and reducing public housing supply, has led to an eighteen percent increase in investor lending in the September quarter. This trend is particularly pronounced in New South Wales and Victoria. The governments five percent deposit guarantee for first-time home buyers is believed to be driving this surge, as investors try to get ahead of the new scheme. However, critics argue that this policy is inadvertently fueling price increases, with a one hundred twenty thousand dollar boost in borrowing capacity for first-time buyers. The strong link between housing finance growth and property prices suggests that prices are now expected to rise quickly, despite initial projections of a slowdown.
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