Signs Australian housing boom may be cooling as mortgage demand suffers biggest fall in a year
New data offers hope for homebuyers as Reserve Bank of Australia keeps cash rate unchanged
There are further signs Australia’s housing boom could be cooling, with demand for home loans and applications to build homes falling.
Australian Bureau of Statistics data shows the value of new home loans fell 1.6% in June to $32.1bn. For owner-occupiers, loans fell by 2.5% to $22.9bn.
