New lending data shows that investors are back in action and re-entering the market at three times the pace of owner-occupiers.

Analysis of lending data by Money.com.au shows the number of loans to all buyers is up by 10.5% in the 12 months to March. The number of investment loans increased by 19% during the same period, while the number of owner-occupier loans rose by just 6%.

Money.com.au general manager of lending, Jacob Overs, says the figures are a sign of returning investor confidence. There were 196,241 new investor loans written in the 2025 March quarter. “We’re just shy of the investor loan peak set in 2022,” Overs says.

The average loan size to investors in the March quarter is $673,033, which is 7.9% higher than at the same time last year.  Investors are also leading refinancing activity, with investor refinancing hitting a new record of 173,948 loans.

Overs says investors appear to be reassessing Victoria as an investment market. While high taxes and fees on investors have led many to leave the market in the past year, investor loans in Victoria increased in the first quarter of the year.