ABS: Home lending stabilizes

After months of consecutive falls, housing finance has finally edged into positive territory with a 0.5% increase on last month in finance approvals for Investors and a 2.4% increase on last month for Owner Occupiers.
Total lending for the month is down -17.6% on June of 2018 with investor loans still -24% lower than the pcp and owner occupiers loans down -15% lower on the pcp.

As is shown in the chart below, Investor loans have been declining year on year for 22 consecutive months whilst owner occupiers loans have been declining for 12 months.
