investment mortgages down

[evand]

For the blue sky 'spruikers' predicting investors were/are waiting to rush into the market to replace first home buyers and eternally hold up property prices post first home buyers grant ending.

According to the ABS, investment mortgages are down 1.8% seasonally adjusted May-June 09.

http://abs.gov.au/ausstats/[email protected]&prodno=5609.0&issue=Jun 2009&num=&view=

Interesting. Comments?

 

[keithj]

According to the ABS, investment mortgages are down 1.8% seasonally adjusted May-June 09.

A bit of analysis from St George & Westpac.

Investor finance eased in June. However, the decline of 1.8% was modest following an 18% rebound over the previous three months.

 

[JIT]

first home buyers grant ending.

Is it ending? I thought is was just decreasing?

I'm hearing that top end property in Melbourne has already recovered much of it's losses from last year...FHOG's mostly aren't involved in this market, and if they are, the few k from a FHOG isn't going to make or break the deal.