New home loans hit fresh high in May, but high LVR loans dropping

  • Mortgage lending continues to hit new highs, with investors’ share of the borrowing creeping higher.

In May, the banking industry lent just under $7.3 billion in new loans for residential property, new figures from the Reserve Bank show.

Although the monthly data has only been published since July 2015, the May figures are higher than any previous month by more than $700 million or almost 11 per cent.

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New figures from the Reserve Bank show a surge of lending on residential properties in May.

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