Property market continues to cool off as home loans tumble



Posted

May 11, 2018 12:05:51

The retreat of investors from the property market is starting to look like a rout with a big fall in applications in March.

In seasonally adjusted terms, investor loans fell 9 per cent over the month.

Owner-occupier interest also cooled, down 1.9 per cent.

Overall the value of mortgages issued over the month fell 4.4 per cent, or $32 billion.

More to come.

Topics:

consumer-finance,

housing-industry,

banking,

australia



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *