Investors push up housing finance as first homebuyers pull back
Investors drove another rise in housing finance in July as refinancing commitments surged to an all-time high, but first homebuyers and owner-occupiers have started to drop off.
Loans for established homes remained elevated, but those for new construction fell sharply in July. Photo: Shutterstock (Image source: Shutterstock.com)
Investors drove another rise in housing finance in July as refinancing commitments surged to an all-time high, but first homebuyers and owner-occupiers have started to drop off.
Lending indicators data from the Australian Bureau of Statistics showed owner-occupier lending for new homes continued to fall from its February peak of $4.2 billion, to sit at $2.5 billion at the end of July.
While investor lending was up 1.8 per cent for the month, th…
