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Investors return

Activity accross Australia is on the rise in the property markets, as rising populations and economic prosperity underpin a strong property sector.

It seems investors are returning to the market after a lengthy absence, according to recent statistics that show a dramatic 26.6 per cent rise over the year to June 2007. 

Housing Finance figures released this week by the Australian Bureau of Statistics (ABS) show that the value of lending to buy investment housing rose by 14.8 per cent in June 2007.

Seasonally adjusted, the total number of dwellings financed for owner occupiers rose by 1.1 per cent in June 2007, to be 3.8 per cent up on the same time a year ago.

The number of loans for the construction of dwellings rose by 3.2 per cent in the month, to be up 1.9 per cent on the same month last year.

The number of loans for the purchase of new dwellings rose by 5.7 per cent in June (to be up 9.2 per cent higher than the same time last year), while the number of loans for the purchase of established dwellings rose by 0.7 per cent in June (3.7 per cent higher than last year).

- market, investor

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