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Finder.com.au has reported today that the average home loan size fell the most in 15 years in the month of February on the back of tighter bank lending regulations. From News.com.au:
The size of the national average home loan declined by 7.71 per cent to $357,200 over the three months to February 29, according to consumer advocacy website finder.com.au.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.