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Politics

Poppy Johnston and Kat Wong

Lending to property investors jumps amid rising rents

Economy Michele Bullock Inflation CBA Reserve Bank

There's been a 5.6 per cent increase in April in the value of new loans to property investors. (Darren England/AAP PHOTOS)

Lending to property investors has picked up, reflecting favourable conditions in the rental market and the willingness of banks to provide finance to landlords.

Over April, the Australian Bureau of Statistics recorded a 5.6 per cent increase in the value of new loans to investors, which was 36.1 per cent higher than a year ago.

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