Investor retreat from the property market continues as lending falls again

PHOTO: The value of loans to investors decreased again in April after tumbling by 9 per cent in March. Dean Lewins: AAP

Investors continued their retreat from the Australian property market in April as lending declined.

The value of loans to investors fell a further 0.9 per cent in the month, after a steep 9 per cent drop in March.

While the value of loans to owner-occupiers edged higher by 0.2 per cent, the number of loan commitments fell by 1.4 per cent, seasonally-adjusted.

Lending standards are tightening as the fallout from the banking royal commission continues, and economists expect this to drag down loan commitments for some time to come.

GET INFORMED: RECEIVE OUR FREE E-NEWSLETTER 1 X A WEEK PLUS OTHER PROMOTIONS 

CLICK HERE for our New Zealand Property News: www.propertynoise.co.nz 

READ MORE VIA ABC