{"id":165545,"date":"2022-06-04T17:30:30","date_gmt":"2022-06-04T07:30:30","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=165545"},"modified":"2022-06-04T23:08:04","modified_gmt":"2022-06-04T13:08:04","slug":"home-loans-plunge-over-april","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/","title":{"rendered":"Home loans plunge over April"},"content":{"rendered":"<p>Home lending activity declined sharply over April with buyer activity sidelined as a result of holiday distractions, the looming federal election and the increased likelihood of higher interest rates impacting confidence.<\/p>\n<p>Declining affordability as a result of recent strong home price growth has also acted to reduce buyer capacity and decrease activity levels.<\/p>\n<p>The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased sharply by 6.5% over April compared to the previous month to be 4.7% lower than reported over April 2021.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-165546 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-National-Home-Loans-Seasonally-Adjusted.png\" alt=\"Abs National Home Loans Seasonally Adjusted\" width=\"1293\" height=\"654\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-National-Home-Loans-Seasonally-Adjusted.png 1293w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-National-Home-Loans-Seasonally-Adjusted-300x152.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-National-Home-Loans-Seasonally-Adjusted-800x405.png 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-National-Home-Loans-Seasonally-Adjusted-600x303.png 600w\" sizes=\"auto, (max-width: 1293px) 100vw, 1293px\" \/><\/p>\n<p>Home lending over the first four months of 2022 however remains 4.6% higher than recorded over the same period last year.<\/p>\n<p>The monthly decline in activity was the sharpest recorded since May 2020 - reflecting the onset of severe Covid restrictions.<\/p>\n<p>All states reported decreases in home lending over April with NSW recording the sharpest decline - down by 10.6%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-165547 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-Home-Loans-Monthly-Change-April-2022.png\" alt=\"Abs Home Loans Monthly Change April 2022\" width=\"1239\" height=\"677\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-Home-Loans-Monthly-Change-April-2022.png 1239w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-Home-Loans-Monthly-Change-April-2022-300x164.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-Home-Loans-Monthly-Change-April-2022-800x437.png 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/ABS-Home-Loans-Monthly-Change-April-2022-600x328.png 600w\" sizes=\"auto, (max-width: 1239px) 100vw, 1239px\" \/><\/p>\n<p>Falling affordability through recent booming house prices will now be significantly influenced by rising interest rates over the coming months which will place more downward pressure on home lending.<\/p>\n\r\n<!-- \/21854739906\/BYHDiff\r\n<div class='gam-diff googlead' id='div-gpt-ad-1591956110394-0'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1591956110394-0'); });\r\n  <\/script>\r\n<\/div> -->\r\n\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"home_buying_desktop_\"><\/div>\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"home_buying_mobile_\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Home lending activity declined sharply over April with buyer activity sidelined as a result of holiday distractions, the looming federal election and the increased likelihood of higher interest rates impacting confidence. Declining affordability as a result of recent strong home price growth has also acted to reduce buyer capacity and decrease activity levels. The ABS&#8230;<\/p>\n","protected":false},"author":50,"featured_media":162058,"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],"tags":[],"class_list":["post-165545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home loans plunge over April<\/title>\n<meta name=\"description\" content=\"Home lending activity declined sharply over April with buyer activity sidelined as a result of holiday distractions, the looming federal election and the...\" \/>\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-plunge-over-april\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home loans plunge over April\" \/>\n<meta property=\"og:description\" content=\"Home lending activity declined sharply over April with buyer activity sidelined as a result of holiday distractions, the looming federal election and the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/\" \/>\n<meta property=\"og:site_name\" content=\"Property Update\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-04T07:30:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-04T13:08:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/03\/loans.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-plunge-over-april\/\",\"url\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/\",\"name\":\"Home loans plunge over April\",\"isPartOf\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/03\/loans.jpg\",\"datePublished\":\"2022-06-04T07:30:30+00:00\",\"dateModified\":\"2022-06-04T13:08:04+00:00\",\"author\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/5d792e7220ae12416bdb3eac112c2d84\"},\"description\":\"Home lending activity declined sharply over April with buyer activity sidelined as a result of holiday distractions, the looming federal election and the...\",\"breadcrumb\":{\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/#primaryimage\",\"url\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/03\/loans.jpg\",\"contentUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/03\/loans.jpg\",\"width\":2000,\"height\":1333,\"caption\":\"Loans\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyupdate.com.au\/home-loans-plunge-over-april\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyupdate.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home loans plunge over April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyupdate.com.au\/#website\",\"url\":\"https:\/\/propertyupdate.com.au\/\",\"name\":\"Property Update\",\"description\":\"Real Estate Investing Advice &amp; 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