‘Hoarders’: New data reveals investment mortgages growing five times faster than owner-occupier loans

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‘Hoarders’: New data reveals investment mortgages growing five times faster than owner-occupier loans

The number of investor mortgages in Australia is growing at five times the rate of loans being given owner-occupiers – with one housing critic claiming it’s easier for “hoarders” to own homes they will never live in.

Money.com’s latest monthly mortgages report shows amid the grinding housing crisis, construction loans to investors have actually grown the most, just outpacing internal refinancing loans, and then loans for existing properties.

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