Sydney’s speculator frenzy has showed further signs of moderating, with today’s Lending Finance data for August, released by the ABS, revealing that the share of loans going to New South Wales investors registered their second consecutive decline since early-2012; although the annual value of investor mortgages still rose to another all time high.
As shown below, the annual value of investor loans in New South Wales (read Sydney) continued to grow, with Victoria (read Melbourne) – the second hottest market – also experiencing some growth:
