Investor slump continues in February
The figure marks a continued decline for investor borrowing, which has failed to hit the $1 billion mark since November. Investors borrowed $1.03 billion in February 2018 and $1.02 billion in February 2017.
Last month's investor total is way down on the $1.6 billion borrowed in February 2016.
The data underlines a tougher market for investors operating with continued LVR restrictions, tightened lending from the major banks, and the threat of further regulation to curb investor activity.
In contrast, first home buyers borrowed $810 million last month, more than $727 million in February in 2018 and $591 million in February 2017.
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