A drop in new home loans in June is no sign Australia’s house prices will return to reality | Greg Jericho

Investor housing loans remain at near record levels, with strong growth across states and territories

A small decline in new home loans in June has done nothing to suggest house prices are not set to keep rising.

In June, for the first time in a year, the value of new housing loans was smaller than the month before. The total value of new housing loans fell 1.6% and owner-occupier loans dropped 2.5%:

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from The Guardian https://ift.tt/3fvWAmf
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