2 . Restrictions to finance
Home loan lending dropped in October but since then has come roaring back to hit a record high in January of $ 33.7 billion . While investor lending continues to increase , the big surprise has been the return of the particularly high levels of owner-occupier lending . This level dropped significantly following the end of HomeBuilder and a withdrawal of first home buyers . First home buyer activity has dropped over 30 per cent however there are now more upgraders taking out bigger loans .
The first set of restrictions were put in place in November 2021 , however were relatively mild and appeared to have had a minimal impact on home loan lending . At this point , we ’ re yet to hear of any more potential changes but given the continued rise in home loan lending , it ’ s possible we will in the coming months .
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