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Construction lending hits two-year low

Some $20.9 billion worth of finance commitments for property in Australia were made in January, new figures have revealed. Loans to build homes fell by 9.4 per cent in January to their lowest level in two years. Loans for the purchase of newly erected dwelling slumped by 13.5 per cent – marking the biggest monthly fall in seven years.

Some $20.9 billion worth of finance commitments for property in Australia were made in January, new figures have revealed. Loans to build homes fell by 9.4 per cent in January to their lowest level in two years. Loans for the purchase of newly erected dwelling slumped by 13.5 per cent – marking the biggest monthly fall in seven years.…

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