The Australian: New home loans dipped in May
Managing Director, Tim Keith, shares his insights on home loans with The Australian.
The total value of new housing loans fell 1.7 per cent in May to $28.8bn, according to data released on Monday by the Australian Bureau of Statistics.
The value of new investor loans fell 1.3 per cent in May to $10.7bn. Owner-occupier loans (excluding first home buyers) fell 1.6 per cent to $12.9bn, while first home buyer loans fell 2.9 per cent to $5.2bn.
But fund manager and private lender Capspace says demand overall remains strong, leaving investors vulnerable due to potential rate hikes should inflation remain above the central bank’s target band.
Other articles of interest:
- Money Magazine: Housing shortage to worsen as property prices gain momentum
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