You are here

Sydney home bubble deflates as loans revisit 2008 losing streak

Tighter credit is a key factor, and there are also fewer interest-only loans and fewer Chinese buyers these days

Residential properties line the Sydney suburb of Birchgrove, which is 5 km west of the city's central business district.


AUSTRALIA'S east-coast property bubble is showing signs of deflating at a faster clip as home-lending data recorded the longest losing streak in almost a decade.

Housing finance fell 1.4 per cent in April, the fifth straight monthly drop and...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to