* The value of total housing lending moderated in August, falling by 1.2% in the month. Lending remains a strong 15.3% higher over the year.
* Within total lending, the value of loans to owner-occupiers fell by 1.9% and investor lending was flat.
* Construction lending continues to rise. Owner-occupied loans for construction rose by 5% in August and loans to investors for construction purposes lifted by 8.9%.
* FHB lending was at the weakest level since April 2004, making up only 13.7% of the market with an average loan size of $286K.
* Although lending fell in August, activity in the housing remains on an uptrend. Higher consumer confidence should be a positive impetus to first-home buyer lending.
Read the full report: Economic Research
Commonwealth Bank