Sydney/Melbourne specufestors continue to pile in
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Australia’s speculator frenzy has continued its resurgence, according to today’s Lending Finance data for January, released by the ABS.
As shown below, the annual value of investor loans in New South Wales (read Sydney) rose for the sixth consecutive month, with Victoria (read Melbourne) – the second hottest market – also registering another increase. By contrast, investor loans in Western Australia continued to retreat:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.