EconomyLending to Australian property investors falls sharply in ‘tiny’ step towards fairer housing market
ABS data shows new lending to property investors fell 8.6% in the June quarter, while total new home loans dropped 5.4%. Investors borrowed 14.8% less for established homes but 4.4% more for new builds, a shift economists and housing advocates say could ease competition for first-home buyers and add rental supply.
Lending to Australian property investors falls sharply in ‘tiny’ step towards fairer housing market
Economy