{"id":170426,"date":"2022-11-02T16:30:38","date_gmt":"2022-11-02T05:30:38","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=170426"},"modified":"2022-11-02T17:23:07","modified_gmt":"2022-11-02T06:23:07","slug":"home-loans-down-sharply-over-september","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/home-loans-down-sharply-over-september\/","title":{"rendered":"Home loans down sharply over September"},"content":{"rendered":"

Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall.<\/p>\n

The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased by 7.8% over September compared to the previous month and is now 19.7% lower than reported over September 2021.<\/p>\n

Home lending over the first nine months of 2022 is 4.7% lower than recorded over the same period last year.<\/p>\n

\"Abs<\/p>\n

All states recorded falls in seasonally adjusted home lending over September with NT, TAS and WA the underperformers, falling by 17.6%, 15.0% and 12.0% respectively.<\/p>\n

\"Abs<\/p>\n

Home lending can be expected to continue to decline over the coming months as affordability and confidence are impacted negatively by further increases in interest rates despite falling home prices.<\/p>\n

<\/div>\r\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall. The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased by 7.8% over September compared to the previous month and is now 19.7% lower than reported over…<\/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],"tags":[],"class_list":["post-170426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-property-investment"],"acf":[],"yoast_head":"\nHome loans down sharply over September<\/title>\n<meta name=\"description\" content=\"Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall. 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