- As home prices begin to find a floor in Sydney and Melbourne, Australians have been borrowing more, with the latest figures showing a 1.3% jump in lending.
- Australian Bureau of Statistics director Ben Dorber said June marked the first increase in both investor and home buyer borrowing in more than a year.
- It coincides with the strongest auction clearance rates since 2017, as buyers appear to be returning to ailing property markets and prices stabilise.
Read more at https://www.businessinsider.com.au/home-buyers-are-diving-back-into-the-market-as-sydney-and-melbourne-prices-stabilise-2019-8#DIeGxF3J5OTDpMh6.99