Mortgage Demand Continues To Fade, But Not For First Home Buyers

Housing finance data for June 2018 was released earlier this week by the Australian Bureau of Statistics (ABS).  The data showed a continuation of the slowing of demand for housing finance with the slowdown being largely driven by investors.

 
In June 2018 the total value of housing finance commitments was recorded at $31.2 billion which was the lowest monthly value of commitments since January 2016.  The weakness in new housing finance commitments is largely being driven by…