Total housing lending continues to rise, with housing finance to investors and owner-occupiers both remaining on a soliduptrend. Owner-occupied lending is now 17.2% higher on a year ago and investor lending has risen by 28.8%. The RBAhas noted that the improvement in the housing market is the result of lower interest rates unlocking demand for dwellings.And prior cuts to the cash rate are still making their way through the economy. This means that the upturn in housingactivity still has some way to run.
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Commonwealth Bank