Australian Home Loans Jump as Rental Yields Lure Investors
- Home loans to investors climbed 36.1% in April from a year ago
- Gross rental yield highest since Aug 2019, CoreLogic data show
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Australian home loans to property investors jumped for a third straight month in April, rising at a faster pace than owner-occupiers as surging residential rents make housing an even more attractive investment.
The value of new loans to home investors rose 5.6% to A$10.9 billion ($7.3 billion), to be up 36.1% compared with a year ago, data from the Australian Bureau of Statistics showed on Thursday.