Property investors returned to the market in a big way in 2023 as rising property prices and tightening rental vacancy rates lured investors back.
Despite a 1.3% decline in the value of new investor loans during December, over the year investor lending surged 20.4% to sit at the highest level since August 2021.
By comparison, owner occupier lending fell 5.6% during the month, sitting 7.4% higher compared to a year earlier, according to the latest lending data from the Australian Bureau of Statistics.
ABS head of finance statistics Mish Tan said investors now accounted for more than one third of…
Tenants are feeling the pinch regardless of whether they move or stay put, according to new data showing rent increases on property sites Zoopla and Rightmove, while the Office for National Statistics has also recorded steep increases to mid-tenancy rents.
The median monthly rent in England between October 2022 and September 2023 was £825 – higher than at any other point on record, according to ONS.
Rents in London have risen at a particularly high rate in the last year – tenants have seen surges of 6.9% in the year up to January – the highest annual rate since ONS…