The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.
"Lenders are being overly cautious with investment lending, where the property owner gets tax breaks, and over zealous with owner occupiers, where they get no tax breaks."