We happened upon this article and immediately thought that we should share it. It’s called Home Lending Suffers Weakest Month in 35 Years: RBA on The Urban Developer.
In it, Dinah Lewis Boucher shares some fascinating gems. This one, in particular, caught our attention:
While housing finance data shows there are fewer mortgages being approved, Kusher believes another key contributor to slowing credit growth is the fact that many investors are coming to full-term with their interest-only mortgages.
The article has some more interesting insights so be sure the check out the rest.