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Mortgage lending boom continues through June
Monday 26th of July 2021
The market held steady last month with total home loans reaching $8.5 billion, down from the $8.9 billion recorded in May, but up from the $8.4 billion recorded in April.
Latest statistics from the Reserve Bank underline the resilience of the home lending market as prices continue to soar.
The $8.5 billion lent last month dwarfs the $5.3 billion borrowed in June 2020.
Yet it marks a decline on the peak of the market, in March, before the Government announced its reforms to cool activity. More than $10.4 billion was lent in March.
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