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12.02.2025 07:23:00
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Australia Investor Loans Fall For First Time Since Early 2023
(RTTNews) - Australia's new investment loans for dwellings declined in the fourth quarter of 2024, marking the first fall since the March quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
Lending to investors for dwellings decreased 4.5 percent from the previous quarter to 48,876. The value of new investment loans fell 2.9 percent to $32.4 billion.
"Despite the December quarter fall, the value of new investment loans during the 2024 calendar year in original terms reached $125.1 billion," ABS head of finance statistics Mish Tan said. This was 29.8 percent higher than the A$96.4 billion value of new loans in 2023.
Further, data showed new home loans increased 2.2 percent to 83,206 in the December quarter. The value of new loans grew 4.2 percent to A$54.8 billion.
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