Markets

Investors are creeping away from the property market at a rate not seen before, as Australians start to actually pay down their debt

Lending to property investors contracted for the third consecutive month in September, the first time it’s happened since record-keeping began and the largest fall since 1991. Meanwhile, owner-occupier loans grew by just 0.4%, indicating that they are the ones driving price growth this time around. With Australians holding some of […]
Investors are creeping away from the property market at a rate not seen before, as Australians start to actually pay down their debt
Markets

Here’s further proof APRA’s curbs on investor lending are starting to bite

Australian private sector credit growth missed expectations in November, rising 0.4% against expectations for an increase of 0.6%. The miss left the annual pace of credit growth at 6.6%, down fractionally on 6.7% level of October. According to the RBA’s financial aggregates report released earlier this morning, credit for housing […]
Here’s further proof APRA’s curbs on investor lending are starting to bite