Total housing lending rose by 5.3% in September, following a modest fall of 1.6% in August. Housing-related lending toinvestors and owner-occupiers remains on a solid uptrend. Owner-occupied lending is now 14.2% higher on a year agoand investor lending has risen by 21.9%. The RBA has noted that the improvement in the housing market is the result oflower interest rates unlocking demand for dwellings. And prior cuts to the cash rate are still making their way through theeconomy. This means that the upturn in housing activity still has some way to run.
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Commonwealth Bank