Advertisement
The threat of rising interest rates, low yields, and the expected unwinding of property tax concessions has led to a sharp decline in investor demand for housing.
On Tuesday, the Reserve Bank of Australia (RBA) released credit aggregates data for February, showing that housing credit in Australia grew by 0.58% in February, down from the recent peak of 0.65%.
The decline in overall housing credit growth has been driven by investors, where growth fell to 0.75% in February, down from a recent peak of 0.98% in December 2025:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.