Investors have historically outweighed first-home buyers, but the spread in market participation has never been this wide.
The increase in the value of loans for investors "may continue to cause policymakers angst over 2017" says Craig James, chief economist of CommSec.
The latest data from the ABS shows that the housing market is moderating.
The number of construction loans and loans to households purchasing new homes is slightly below peak levels recorded in late 2015 and early 2016 and is consistent with high levels of new home building, says HIA Economist, Geordan Murray.
The housing market is stable, says REIA.
New home-loan commitments rose 2.6% in December to their highest level in almost seven years.
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