Photographer: Brendon Thorne/Bloomberg

Australian Landlords Cede Ground to Owners in Mortgages: Chart

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.

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