{"id":26202,"date":"2020-07-10T09:43:03","date_gmt":"2020-07-09T21:43:03","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26202"},"modified":"2020-07-10T09:43:03","modified_gmt":"2020-07-09T21:43:03","slug":"home-lending-worst-on-record-but-pm-says-dont-panic","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-lending-worst-on-record-but-pm-says-dont-panic\/","title":{"rendered":"Home lending worst on record, but PM says don&#8217;t panic"},"content":{"rendered":"<p><strong>PHOTO: Australia<\/strong><\/p>\n<p>New lending by both owner occupiers and investors has recorded the biggest monthly fall on record, but Prime Minister Scott Morrison says it&#8217;s still too early to make any calls on any\u00a0house prices.<\/p>\n<div id=\"ig-3c2c3a58-0348-b96b-8de1-2a35ecadbe73\" class=\"infogram-embed\" data-id=\"afrg-090720news-lendingrz-1h7g6kwj5vkj6oy?live\" data-type=\"interactive\" data-processed=\"1\"><iframe data-src=\"https:\/\/e.infogr.am\/afrg-090720news-lendingrz-1h7g6kwj5vkj6oy?live?parent_url=https%3A%2F%2Fwww.afr.com%2Fpolicy%2Feconomy%2Fhome-lending-worst-on-record-but-pm-says-don-t-panic-20200709-p55akb&amp;src=embed#async_embed\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/div>\n<p>New loan commitments for housing fell by 11.6 per cent in May \u2013 the worst on record. The value of new loan commitments for owner occupiers fell 10.2 per cent and new loans for investors fell 15.6 per cent \u2013 the lowest level since 2002.<\/p>\n<figure class=\"gzJMC -TKpA\" data-pb-type=\"im\"><picture><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415, https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x\" media=\"(min-width: 1180px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:620,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x&quot;]}\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415, https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x\" media=\"(min-width: 1020px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:620,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x&quot;]}\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.6563%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415, https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.3126%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x\" media=\"(min-width: 768px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:688,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.6563%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_1.3126%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x&quot;]}\" \/><img decoding=\"async\" class=\"_1srKI\" src=\"https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415\" sizes=\"(max-width: 767px) 382px\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.3607%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415, https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.7214%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x\" alt=\" \" data-testid=\"Image-image\" data-id=\"7897c785b30b84cb5426b71d558cd2926c5b6415\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:382,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.3607%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.005%2C$multiply_0.7214%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_190\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/7897c785b30b84cb5426b71d558cd2926c5b6415 2x&quot;]}\" \/><\/picture><figcaption class=\"LuHig\"><em><strong>The Prime Minister says the housing market &#8220;hasn&#8217;t driven by speculative investor bubbles or speculative credit, things like that, which we&#8217;ve seen occur in other countries&#8221;.\u00a0<\/strong><\/em><cite class=\"_23SOU\"><\/cite><\/figcaption><\/figure>\n<p data-gtm-vis-first-on-screen-7770372_137=\"26119\" 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width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Cricketer Steve Smith and wife Dani buy $6.6m waterfront mansion\" href=\"https:\/\/propertynoise.co.nz\/au\/cricketer-steve-smith-and-wife-dani-buy-6-6m-waterfront-mansion\/\" data-bump-view=\"tp\">Cricketer Steve Smith and wife Dani buy $6.6m waterfront mansion<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Australia New lending by both owner occupiers and investors<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/home-lending-worst-on-record-but-pm-says-dont-panic\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":22861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478101689,478108952,478098566,478098722,478098542,478098519,478098535,478098522,478098809,478107149,478098543,478110414,478104813,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098509],"class_list":["entry","author-data123nz","post-26202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-bank-lending","tag-covid-19","tag-first-home-buyers","tag-home-lending","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-landlords","tag-mortgage-applications","tag-mortgages","tag-new-loan-commitments","tag-prime-minister-scott-morrison","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- 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