New home lending remains far ahead of where it was a year ago despite a minor dip in May for property investors and owner-occupiers. Over the month, the Australian Bureau of Statistics logged a 1.7 per cent fall in all new housing loans, to $28.8 billion, with first-home buyer loans down the most, sinking 2.9 per cent.
The first planned mini-cities have been unveiled under a signature NSW housing policy a minister insists will enable the state to deliver on ambitious home-building goals. Tens of thousands of homes could be built near four stations as part of a blanket high-density rezoning around those and other transport hubs. Plans for the initial fast-tracked precincts were revealed on Tuesday as part of a strategy the government says will rebalance housing growth around new metro stations and existing train infrastructure.
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