With all eyes on housing, as always it seems, the housing finance data next week will provide the update on demand for borrowing for both investors and owner-occupiers, the average loan size and the extent first home buyers are participating in the housing market.
In recent times, there is tentative evidence that the housing market is cooling in the previous ‘hot’ parts of Sydney and Melbourne and remains subdued or downright weak elsewhere. Important in these trends are the early signs that the tightening in regulatory rules surrounding investor loans has started to bite with a small fall in investor loans in the last few months. Next week’s data are likely to show a further pull-back in investor lending.
