Housing loans up
Housing finance rebounded +1.6 per cent higher in March.
Investment lending hit a record high of $11.7 billion for the month.
This is much needed given the chronic shortage of rental properties (after many investors sold through the pandemic).
Queensland continues to see the strongest trend for investment lending.
Owner-occupier loans, on the other hand, have stalled - albeit at a very high level.
The average new mortgage size continued to increase to a record high, though this figure will undoubtedly be pared back if interest rates are hiked sharply.
Vacancies at 1 per cent
Domain reported a national vacancy rate of 1 per cent in April (down from 1.9 per cent a year ago).
A bit more rental supply has come into a number of the tightest cities, while Sydney and Melbourne are now tightening quite quickly, as the big cities come back to life post-pandemic.
Melbourne's vacancy rate has fallen to 1.7 per cent, from 4 per cent a year earlier.
Meanwhile Sydney's vacancy rate declined to 1.4 per cent, well down from 2.7 per cent a year ago.
