That was -47.6% lower than the $2.182 bln they loaned in April 2016, and is a drop of more than $1 bln.
But it is not only new lending to investors that's declining. New lending to first home buyers was down -20% year-on-year in April, and that was the first month we have seen any decline. Lending to other owner-occupiers was down -21% year-on-year, and while this had also fallen in three of the six prior months, the April fall was the largest.
Comment