Loan approvals for both owner-occupiers and investors rose in November, but buying a property remains unobtainable for most prospective first-home buyers. The current situation is largely unsustainable, and it is only a matter of time before house prices begin to fall.
Only a matter of time before housing prices fall
Increased lending among owner-occupiers and investors is of little surprise given historically low rates. But this growth is unsustainable so long as first home buyers are priced out of the market.
Join the conversation
The Crikey comment section is members-only content. Please login or sign up for a FREE trial to engage in the commentary.