Investors Ease Back As Lending Conditions Tighten

The total value of housing finance commitments in September 2017 was $32.5 billion according to new data from the Australian Bureau of Statistics (ABS).  The $32.5 billion was the lowest value of monthly housing finance commitments since April of this year and was -3.6% lower over the month which was its largest monthly fall since January 2016.  The decline in the value of commitments occurred across both owner occupier and investment commitments however, the fall in investment commitments…