Investor Housing Credit Expanding At A Historically Slow Pace

The latest housing credit data released by the Reserve Bank showed that the expansion of housing credit continued to slow in May 2018.  Housing credit growth is slowing as new housing finance commitments fall as do dwelling values nationally.  Given the slowing expansion of housing credit and falling demand for new finance it seems likely that falls in dwelling values will continue.

 
In May 2018, total housing credit expanded by 0.4% to be 4.8% higher over the year.  The…