Housing finance increased 1.7 per cent to $32.4 billion in May, belying talk of a sharp downturn.
Investor activity continued with its recent strong trend.
The weakness since the market peak in late 2021 has been driven by homebuyer activity in Sydney and Melbourne.
First homebuyer numbers were steady, and are likely to remain so until stamp duty reforms kick in for New South Wales.
Overall, much better than expected...
