The total amount of residential term loans held by authorised Australian lenders reached $1.3 trillion at the end of March according to figures recently released by Australian Prudential Regulation Authority (APRA).
The figures, contained in the regulator’s Quarterly Authorised Deposit-taking Institution (ADI) Property Exposures, show that residential term loans rose by $107.1 billion in the 12 months since 31 March 2014, which equates to a 9% increase.
Over that period, the amount of investment loans held by Australian ADIs has risen by $49.8 billion, an increase of 12.4%.
At the end of March investor loans held by ADIs totalled $450.2 billion, or 34.6% of the total loans held.
Owner-occupied loans also had a similar increase over the 12-month period, up by a 7.2% rise of $57.3 billion to $852 billion.
The vast majority of residential loans are held by ADIs with greater than $1 billion of residential term loans, with those lenders accounting for 98.4% of all residential loans.
Those ADIs approved $82.3 billion worth of new loans for this year’s March quarter, a decrease of $10.9 billion (11.7%) on the quarter ending 31 December 2014 and an increase of $8.5 billion (11.5%) on the quarter ending 31 March 2014.
Of that $82.3 billion, $51.9 billion (63%) were owner-occupied loans and $30.4 billion (37%) were investment loans.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.
We value your privacy and treat all your information seriously - you can check out