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March’s cheapest investment home loans

Posted: 7 March 2018 9:04 am
News

Lenders are regaining their appetite for property investment home loans.

There’s little doubt that the property investor market has slowed. Recent figures from the Australian Prudential Regulation Authority (APRA) show lending to investors rose only 0.04% last month. According to CoreLogic researcher, Cameron Kusher, regulatory policies are to blame for the cooling investment market, particularly APRA’s directive to banks to limit investment lending.

“While owner-occupier credit expansion has tracked fairly steady, there is a clear slowing of credit expansion to investors currently. The slowdown is being fuelled by switching of investor loans to owner-occupier, and macroprudential policies which limit credit growth to investors,” Kusher said.

But as investment growth slows below the speed limit set by APRA, lenders are regaining their appetite for investment home loans.

“Considering annual investment credit growth, at 3.0%, continues to track well under the 10% speed limit and interest-only lending is also well under the 30% benchmark, it’s possible investment credit growth could lift over coming months,” Kusher said.

With lenders ramping up competition to woo investors back to the fold, we’ve searched our database to find the cheapest investor home loans available through finder.com.au. To ensure that the loans we picked would help the average investor, we applied the following criteria:

  • All loans have a minimum loan amount no greater than $250,000 and a maximum loan amount of $500,000 or higher.
  • All loans require a 20% deposit, while some need even less (though you'll have to pay lender's mortgage insurance).
  • All loans are for investment purposes and exclude line of credit and construction loans.

Product information for all these loans is correct as of 5 March 2018.

You can check out the loans in the table below.

*Our cheapest investment home loans round-up is a monthly regular article that features the cheapest loans in finder's database. The rates and other information in this page are correct at the time of publication and are subject to change. There may be cheaper loans on the market than the ones listed here.The home loans in the table above were taken from finder.com.au's database on 5 March 2018.

Want to compare more options? Check out all our investment property home loans

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