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Has growth in investor housing credit reached its apex?




Following ongoing increases in the annual rate of growth since March 2013, investor housing credit has fallen in July, does this mark the start of the much vaunted slowdown in investor credit growth?

Since the Australian Prudential Regulation Authority (APRA) wrote to Australian authorised deposit-taking institutions last year spelling out sound mortgage lending guidelines, there has been lots of attention on the pace of lending for residential housing investment. The guidelines highlighted a limit on annual investment credit growth for ADIs of 10% however, from that point until June 2015 the annual rate of investment credit growth continued to increase. Although its only one month of data, the latest housing credit data to July 2015…

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