ABS: Home Lending Largest Rise in 4years

Confidence in the housing markets appears to be building with housing finance figures showing a turnaround following months of decline.
Total lending for the month of July was up 5.1% on the previous month with investor loans up 4.7% and owner occupier loans up 5.3%. Lower interest rates, confidence following the Federal Election and a push by lenders has helped borrowers get back into the market.

Whilst the monthly increase has seen strong gains on the previous month, lending is still well below the same month of last year with Investor loans still down -20% on last year and owner occupiers down -8%.
