Lending

Property analysts warned the banking royal commission could make it even harder for would-be homebuyers to get a loan. In the wake of the report, it appears buyers will still have to jump through hoops to get a home loan, but the process appears unlikely to get harder. 

Housing finance figures released by the Australian Bureau of Statistics show the number of loans for housing has continued to decline over the last eight months, according to the Real Estate Institute of Australia (REIA).

ABS lending finance data shows loans for home renovations dropped 10.7 per cent in February, the largest decline in seven years.