Housing finance eased another -2.5 per cent to $29.5 billion in October, excluding refinancing.
The decline was driven by homebuyers (-4.1 per cent), but investment loans increased 1.1 per cent.
The impact of the lockdowns on home loans in Sydney and Melbourne is clear in the graph.
First homebuyer numbers are normalising, but were still quite high in historic terms, with home ownership rates increasing through the pandemic.
The average loan size for homebuyers was $86,000 or 18 per cent higher than a year earlier.
Softer numbers, in line with more balanced market conditions, but homebuyer commitments will quite likely pick up again in due course as borders and the major economies reopen.
