Early sign of rebalancing in housing finance

“The latest housing finance figures for April shows a welcome turnaround away from the focus on investment toward finance for the construction of houses,” Peter Jones, Chief Economist of Master Builders Australia said.

“The 4.3 per cent increase in finance for construction of dwellings is an encouraging sign that the market is starting to rebalance away from the dominance of investment property,” he said.

“The industry is looking to the non-investor sector to strengthen over the next 12 months to ensure that this rebalancing takes hold,” Peter Jones said.