Wednesday 8th June 2016 - 2:36 pm

Home lending falls

by Alan Thornhill

The value of new home loans let in April fell by 1.8 per cent, on seasonally adjusted figures that the Bureau of Statistics published today.

On trend figures, though, the fall was much smaller at 0.3 per cent.

The biggest fall, though, was in fixed loans taken out for investment housing.

These fell by 5 per cent in April.

Differences in the housing tax policies that the major parties are taking to the July 2

elections are the probable cause of this fall.

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Alan Thornhill

Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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