News

Mortgage lending to investors plummets

Friday 21st of December 2018

The Reserve Bank’s latest mortgage lending data is out and it reveals a dramatic decline in the share of new lending going to investors.

There was a total of $6.224 billion in new mortgage lending in November, which is up on last month’s $5.527 billion and on last November’s $5.294 billion.

Of November’s new lending, investors accounted for $1.091 billion...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.