Housing credit demand and availability expected to fall

Lending restrictions have dampened demand and availability for housing credit. (Image: Getty)

Tue, 26 Apr 2022

Demand for mortgages and other consumer lending was down sharply in the six months ended March but demand from both small businesses and large corporates was up a little and agricultural demand was also moderately higher, banks reported.In the current six months ending September, the banks expect demand for mortgage lending to improve slightly, although it will still be negative, and that availability of mortgages will be down, although less restricted than previously.While demand for other types of consumer credit will remain negative, the ban...

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