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Loan commitments break $30bn mark: ABS

New loan commitments soared to a record high in March, driven by a surge in investor lending, which accounted for more than half the increase, according to new data.

Westpac mortgages up $2.6bn over half

Growth in owner-occupied lending bumped up the major bank’s mortgages book by $2.6 billion in 1HFY21, but this was partially offset by lower investor lending, it reported.

Auction volumes tick up again

Increased auction activity has kickstarted the month of May, boding well for the continued strength of Australia’s major auction markets.

Investor loan growth doubled in March: APRA

Investor lending grew at double the rate in March compared with February, but owner-occupied lending continued to outpace investor lending, new APRA data shows.

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