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.
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