PHOTO: Higher interest rates and falling prices could create a perfect property market storm. Supplied: Jakob ze Zwart
Investors have backed further out of the property market and there is no surprise there.
That’s been the trend since regulators started tightening the thumbscrews on the sector.
In July investor lending fell another 1.3 per cent, to be down more than 15 per cent for the year.
Owner-occupiers have been more resilient, with lending up 1.3 per cent over the month. But these figures are from July, well before the big banks started peddling their out-of-cycle mortgage rate hike.
AUSTRALIAN PROPERTY NEWS – JOIN OUR 30,000 PLUS SUBSCRIBERS
READ MORE VIA ABC