Overall lending to home buyers (excluding refinancing) posted a modest lift in June but remains considerably below earlier levels, according to Housing Industry Association of Australia (HIA).
“Changes to visas for skilled workers have delivered an immediate hit to Australia’s population growth,” said Geordan Murray, Housing Industry Association Principal Economist.
Housing finance data confirms fewer first-home buyers
ABS housing finance data shows that lending to owner occupiers has fallen for two consecutive months, while lending to investors has risen for four months in a row.
