Investor Mortgage Demand Was Petering Out in February and March

According to the latest housing finance data release for March 2017 there was $33.2 billion in finance commitments over the month.  The monthly value of commitments increased by 0.9% to be  5.3% higher year-on-year.  While the value of commitments to investors has slowed over recent months, owner occupier demand lifted slightly in March 2017.

The data shows that in March 2017, the $33.2 billion in housing finance commitments comprised of $20.2 billion to owner occupiers and…