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Friday, 13 July 2018

Land sales to slow

Don't wait to buy land...

The latest lending finance figures hinted at a slowdown in lending to finance blocks of land.

Lending for major renovations declined to the lowest level in 17 years, down by more than a fifth from last year's peak.

The share of lending finance to investors also continued to ease in New South Wales and Victoria.

As for Darwin, where population growth has gone from booming to almost zero...

Total finance commitments declined 1.4 per cent to $67.4 billion.

Everything in moderation, it seems.