Home Lending Boomed Higher Before The RBA Hiked!

We finally got the 4th Quarter Lending Stats from the ABS, checks calendar, in the middle of February, and while there was an increase in first homebuyers encouraged into the market by high LVR loan availability this was overshadowed by the growth owner occupiers and investors. And we see that average loan sizes were materially higher as borrowers were expecting lower interest rates and were leveraging up in to the market. First Home Buyer average loan sizes jumped to be above $600K for the first time – encouraged by the Governments wonky home deposit scheme. This was all absolutely predictable, […]