PHOTO: When placed into perspective, the strong lending growth of the 2013 to 2016 period was never going to be sustainable in the long term
AUSTRALIA’S housing market slowdown is likely to continue this year, with property transaction volumes dropping as much as five per cent, according to a survey of lenders and brokers.
Deloitte’s annual Mortgage Report says 2018 already seems likely to be a second consecutive year of flat or lower settlement volumes.
Deloitte financial services partner James Hickey says uncertainty around possible new rules and legislative change as a result of the ongoing banking royal commission could dampen the market, but he characterises the slowdown as a healthy pullback from unsustainable levels of recent years.
READ MORE VIA NEWS.COM.AU