Housing finance softens despite first home buyer stimulus

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By Leith van Onselen

Today’s housing finance data for January, released by the Australian Bureau of Statistics (ABS), posted a significant fall in lending to owner-occupiers, but a rebound in investor lending, with a weakening trend overall.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 1.8% in January in seasonally adjusted terms but was up 0.2% over the year:

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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.