Falling housing finance figures point to a cooling property market

Posted by Simon Dehne on December 10, 2015 in Latest News with No Comments

house-jenga-The housing market continues to show signs of cooling with the second successive month of falling housing finance and a dramatic decline in investor lending.

Overall housing related lending fell 2 per cent in October and the annual growth eased back to 8.4 per cent.

However investor lending tumbled 6.2 per cent for the month and is now 9.2 per cent down over the year.

Read more.

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