Home Lending surges
CoreLogic reported that housing prices rose in October, and the latest lending figures suggest there’s more to come.
Investor lending rose another 5 per cent in September, but remains modest overall.
But homebuyers are driving the rebound, with owner-occupier lending rising to historical highs, excluding refinancing.
The market is clearly still being driven by homebuyers, not investors.
With responsible lending obligations to be wound back, the growth in mortgage lending suggests we should expect to see double-digit gains for house prices in most capital cities over the coming 12 months.
Deferrals decline as repayments return
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