Credit crunch: Loans to housing investors drop to seven year low in December

Approvals of new high-rise apartments fell to a four-year low last calendar year.

For the calendar year to December, total investor housing loans totalled $69.2 billion, the weakest figure since the 12 months to June 2013, when it was $68.7 million.

Total owner occupier loans stood at $170.2 billion, reflecting the greater resilience of that segment of the market. It was the weakest level since August 2017, when total lending over the preceding 12-month-period was $169.7 billion.


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