{"id":159616,"date":"2021-12-05T16:30:41","date_gmt":"2021-12-05T05:30:41","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=159616"},"modified":"2021-12-13T20:14:07","modified_gmt":"2021-12-13T09:14:07","slug":"home-loans-still-down-as-buyer-numbers-dwindle","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/","title":{"rendered":"Home loans down as buyer numbers dwindle"},"content":{"rendered":"<p><strong>National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. <\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-148822 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-300x141.jpg\" alt=\"Home Loan\" width=\"300\" height=\"141\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-300x141.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-800x375.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-600x281.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-1475x692.jpg 1475w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-1536x720.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan-1160x544.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/home-loan.jpg 2000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The outlook for lending activity remains mixed with rising affordability barriers and the satisfaction of pent-up demand acting to reduce home-buying activity.<\/p>\n<p>The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) fell by 2.9 % over October compared to the previous month but remains 27.6% higher than reported over October 2020.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-159617 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01.jpg\" alt=\"Fig01\" width=\"1024\" height=\"531\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01-800x415.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01-600x311.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig01-300x156.jpg 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>The October result was the fifth consecutive monthly decline, but home lending has nonetheless increased by 54.8% over the first 10 months of this year compared to the same period last year for an annual increase of 50.7%.<\/p>\n<p>NSW, WA, and ACT reported sharp falls in lending activity over October with the other states recording positive but mostly modest outcomes.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-159618 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02.jpg\" alt=\"Fig02\" width=\"1047\" height=\"530\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02.jpg 1047w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02-800x405.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02-600x304.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/fig02-300x152.jpg 300w\" sizes=\"auto, (max-width: 1047px) 100vw, 1047px\" \/><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-127188 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/12\/loan-home-300x164.jpg\" alt=\"Loan Home\" width=\"300\" height=\"164\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/12\/loan-home-300x164.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/12\/loan-home-800x438.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/12\/loan-home-600x328.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/12\/loan-home.jpg 855w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Although October recorded another lockdown-influenced decline in home lending, activity is set to stabilise over the shorter term, particularly with a hopefully reduced likelihood of covid lockdowns again severely impeding activity.<\/p>\n<p>The latest housing market data however clearly indicates an easing of the boomtime conditions generally experienced over the past year.<\/p>\n<p>Record level home prices growth has reduced home loan affordability and will act to sideline buyers and cool housing markets - particularly recently high-flying Sydney and Melbourne \u2013 with reduced home loan activity a likely outcome.<\/p>\n<p><strong><span style=\"color: #ff9900;\">ALSO READ: <\/span><\/strong><a href=\"https:\/\/propertyupdate.com.au\/five-reasons-to-expect-a-cooling-in-the-australian-property-market-and-falling-prices-in-2023\/\" target=\"_blank\" rel=\"noopener\">Five reasons to expect a cooling in the Australian property market and falling prices in 2023<\/a><\/p>\n<div class=\"adplugg-tag\" data-adplugg-zone=\"the_sentiment_campaign_mobile_\"><\/div>\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"the_sentiment_campaign_desktop_\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for lending activity remains mixed with rising affordability barriers and the satisfaction of pent-up demand acting to reduce home-buying activity. The ABS reports that the value of home loans seasonally adjusted (excluding land&#8230;<\/p>\n","protected":false},"author":50,"featured_media":159619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,3,1186],"tags":[129,1183],"class_list":["post-159616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-property-investment","category-weekly_latest","tag-featured","tag-homepage-top"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home loans down as buyer numbers dwindle<\/title>\n<meta name=\"description\" content=\"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home loans down as buyer numbers dwindle\" \/>\n<meta property=\"og:description\" content=\"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/\" \/>\n<meta property=\"og:site_name\" content=\"Property Update\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-05T05:30:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-13T09:14:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dr. Andrew Wilson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/\",\"url\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/\",\"name\":\"Home loans down as buyer numbers dwindle\",\"isPartOf\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg\",\"datePublished\":\"2021-12-05T05:30:41+00:00\",\"dateModified\":\"2021-12-13T09:14:07+00:00\",\"author\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/5d792e7220ae12416bdb3eac112c2d84\"},\"description\":\"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...\",\"breadcrumb\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage\",\"url\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg\",\"contentUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg\",\"width\":2000,\"height\":1333,\"caption\":\"Home Loan\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyupdate.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home loans down as buyer numbers dwindle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyupdate.com.au\/#website\",\"url\":\"https:\/\/propertyupdate.com.au\/\",\"name\":\"Property Update\",\"description\":\"Real Estate Investing Advice &amp; Strategies From Experts You Can Trust\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/propertyupdate.com.au\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/5d792e7220ae12416bdb3eac112c2d84\",\"name\":\"Dr. Andrew Wilson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2018\/02\/cropped-Ahmad-Imam-square-wide-lo-rez-400.jpgDR-ANDREW-WILSON-96x96.jpg\",\"contentUrl\":\"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2018\/02\/cropped-Ahmad-Imam-square-wide-lo-rez-400.jpgDR-ANDREW-WILSON-96x96.jpg\",\"caption\":\"Dr. Andrew Wilson\"},\"description\":\"Dr Andrew Wilson, Chief Economist of\",\"sameAs\":[\"http:\/\/www.MyHousingMArket.com.au\"],\"url\":\"https:\/\/propertyupdate.com.au\/author\/andrew-wilson\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Home loans down as buyer numbers dwindle","description":"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/","og_locale":"en_US","og_type":"article","og_title":"Home loans down as buyer numbers dwindle","og_description":"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...","og_url":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/","og_site_name":"Property Update","article_published_time":"2021-12-05T05:30:41+00:00","article_modified_time":"2021-12-13T09:14:07+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg","type":"image\/jpeg"}],"author":"Dr. Andrew Wilson","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/","url":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/","name":"Home loans down as buyer numbers dwindle","isPartOf":{"@id":"https:\/\/propertyupdate.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage"},"image":{"@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg","datePublished":"2021-12-05T05:30:41+00:00","dateModified":"2021-12-13T09:14:07+00:00","author":{"@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/5d792e7220ae12416bdb3eac112c2d84"},"description":"National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for...","breadcrumb":{"@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#primaryimage","url":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg","contentUrl":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/home-loan.jpg","width":2000,"height":1333,"caption":"Home Loan"},{"@type":"BreadcrumbList","@id":"https:\/\/propertyupdate.com.au\/home-loans-still-down-as-buyer-numbers-dwindle\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertyupdate.com.au\/"},{"@type":"ListItem","position":2,"name":"Home loans down as buyer numbers dwindle"}]},{"@type":"WebSite","@id":"https:\/\/propertyupdate.com.au\/#website","url":"https:\/\/propertyupdate.com.au\/","name":"Property Update","description":"Real Estate Investing Advice &amp; Strategies From Experts You Can Trust","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertyupdate.com.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/5d792e7220ae12416bdb3eac112c2d84","name":"Dr. Andrew Wilson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/image\/","url":"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2018\/02\/cropped-Ahmad-Imam-square-wide-lo-rez-400.jpgDR-ANDREW-WILSON-96x96.jpg","contentUrl":"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2018\/02\/cropped-Ahmad-Imam-square-wide-lo-rez-400.jpgDR-ANDREW-WILSON-96x96.jpg","caption":"Dr. Andrew Wilson"},"description":"Dr Andrew Wilson, Chief Economist of","sameAs":["http:\/\/www.MyHousingMArket.com.au"],"url":"https:\/\/propertyupdate.com.au\/author\/andrew-wilson\/"}]}},"_links":{"self":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts\/159616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/comments?post=159616"}],"version-history":[{"count":0,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts\/159616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/media\/159619"}],"wp:attachment":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/media?parent=159616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/categories?post=159616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/tags?post=159616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}