Housing finance data for June 2018 was released earlier this week by the Australian Bureau of Statistics (ABS). The data showed a continuation of the slowing of demand for housing finance with the slowdown being largely driven by investors.
One of the key drivers of housing demand over the past year has been the rebound in demand from the first home buyer segment. In June 2018 there were 9,541 owner occupier first home buyer finance commitments. The number of first home buyer commitments fell by -7.4% over the month however, as a share of all owner occupier housing finance commitments first home buyers accounted for 18.1% which was their greatest share since October 2012.