Property investors on the move

Owner occupied housing finance fell 5.5% in December 2009 after a 6.1% drop in November 2009 and a 2.9% fall in October 2009. The outcome is unlikely to affect a near-term RBA monetary policy decision as it was anticipated (consensus: -5.0%) and reflects the parring back of the First Home Owners Boost since October 2009.

Even as first home buyers exit the market, investor finance rose for the third consecutive month, by 1.9% and 17.0% over the year.

If you are thinking of buying property in Australia and need a home loan or investment loan, speak to the mortgage brokers at Intellichoice on 1300 55 10 45.