Observatoire des droits humains (anglais seulement)

New home loans dropped by a record 15% as Australia’s housing market downturn deepens

(Version anglaise seulement)

par Christian A. Nygaard, Professor of Housing Economics, UNSW

New mortgage loans dropped by a record 15% in the September quarter as the housing market downturn deepened, led by a 30.6% dive in lending to investors, official figures on Wednesday showed.

The Reserve Bank’s five interest rate hikes and stagnant real wages have hit housing demand from investors, first-home buyers and established home owners. Reforms to tax rules for investors have also contributed to sinking investor demand for existing…

Lire l'article complet