Total housing-related lending increased modestly over January following a downwardly revised fall in December. Thenumber of loans (excl. refinancing) recorded a small rise while the value of loans to investors fell by 3.3%. A pullback in thevalue of loans to investors is hardly surprising after a huge lift in investor finance over the past year. Low interest rates, theexpectations of capital gains and only a moderate lift in the dwelling stock have lured investors to the market.
Read the full report: Economic Research
Commonwealth Bank