News & Research

Given that we already knew property sales activity had been solid again in June, it was no surprise to see another busy month in the mortgage lending figures. One interesting aspect of the split by LVR/borrower type is that first home buyers basically have a monopoly on the money being lent out with less than a 20% deposit. However, nothing lasts forever, and we suspect that ‘slowdown’ will be a key word used to describe lending activity (and the wider property market) over the coming months, especially with mortgage rates increasing.