Australian banks are approving more mortgages for people who want to live in their own homes than for speculators for the first time in four years. Annual growth in owner-occupier mortgages outstripped that of loans to landlords in March for the first time since March 2012 as a regulatory clampdown and tighter lending standards for investors begin to bear fruit. Owner-occupier home loans expanded 7.2 percent, the fastest pace since September 2010, while investor growth fell for the seventh straight month, according to Reserve Bank of Australia data.
Photographer: Brendon Thorne/Bloomberg
Australian Landlords Cede Ground to Owners in Mortgages: Chart
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