Aspiring home owners are pulling back on property purchases as the cost of living continues to climb, with warning demand is set to soften even further.
Loan commitments for Australian properties fell by 6.2 per cent in the March quarter, according to real estate analysis from Cotality and Australian Bureau of Statistics figures.
Investor lending in the ACT declined by almost 17 per cent last quarter, compared with a national average of 5.3 per cent.
NSW fell by 6.3 per cent for investor lending, while South Australia and Tasmania experienced growth of 4.7 and 8.8 per cent respectively.
Despite this, investors accounted for more than 40 per cent of lending value across the nation.
Much of the activity was concentrated in capital cities.
