Lack of credit is slowing housing supply: Chris Johnson

Property Observer –

The Australian Bureau of Statistics (ABS) data out today indicates significant reductions in the amount of lending for new homes.

The value of lending by dwelling investors in NSW has dropped by 30 percent between January 2018 and January 2019.

Over the same time span the number of owner occupier loans has dropped by 19 percent. These significant falls are clearly leading to a big slow-down in the supply of new homes in New South Wales.

 

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