Busted: New Home Lending Fell In The June Quarter!

The value of total new home loans fell 5.2 per cent (-$5.4 billion) this quarter, after a 3.4 per cent fall in the previous quarter. They sheet the falls to the changed lending conditions, with the Reserve Bank of Australia increasing the cash rate for the third time in 2026. Changes to negative gearing and capital gains tax were also announced in the federal budget in May, to commence in July 2027. Add the earlier APRA intervention too by the way. Four months into the current downturn, capital city house prices have fallen 2.8 per cent – broadly in line with […]