Property investors are an endangered species, despite the rise in lending

PHOTO: Some are warning of the property price growth risks reinflating a “dangerous property bubble.” (Source: Getty)

Historically low interest rates and looser bank lending restrictions have spurred the fastest rise in mortgage lending in five years.

The media has been full of news about this with many commentators excited by that fact that new loans approved surged in July by 4 per cent after the Reserve Bank cut interest rates twice.

Others warn of the property price growth risks reinflating a “dangerous property bubble.”

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To understand what’s really going on and how this could affect our property markets, let’s chat with Australia’s leading housing economist Dr. Andrew Wilson, chief economist of MyHousingMarket.com.au.