Lending for new home construction at 15-year lows

Sydney rents to rise again

Housing lending has begun to recover, mainly for stablished housing.

Source: ABS

Overall, however, lending settings are extremely tight.

Loans for the purchase and construction of a new home have fallen to the lowest levels since 2008.

Source: HIA

Rental markets are tightening fast again now. 

Source: SQM Research

In particular rental listings are plunging in Sydney, portending another 20 per cent rise in rents in the New South Wales capital. 

I've been speaking to some people in Sydney about the state of the rental market down here, and it's not good.