Investor lending hit a new high of $10.1 billion in November, latest data from the Australian Bureau of Statistics shows, up 3.8 per cent over the month. First-home buyer activity increased 1.9 per cent, breaking a downward trend since January 2021.Brent Lewin/Bloomberg
BIS Oxford Economics senior economist Maree Kilroy said the jump in lending was due to pent-up demand from lockdowns in NSW and Victoria, though she did not think the rise would continue this year.
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