Renters looking to escape a tight and expensive market could face even more competition from property investors and each other as they seek to buy a home.

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Bank lending to investors has reached its highest level in almost a decade, buoyed by lower interest rates.

Hopeful first home-buyers can access five per cent mortgage deposits, but some warn the scheme will also push up prices and saddle them with larger debts.

Investor lending has reached its highest share of new loans since 2017 in a report on Thursday by property data and valuation firm PropTrack, sponsored by landlord insurer Terri Scheer.

Rents for tenants and yields for landlords

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