Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Wednesday, 4 October 2023

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. 

Posted by at