The Age --- Page: B3 : 11 September 2007 Original article by Nassim Khadem
LexisNexis Summary
The number of Australians taking on new home loans fell in July 2007. Over 63,000 people sought housing loans, a drop of 4.1 per cent. The value of loans for owner-occupied housing was $A15.1 billion, a fall of 7.7 per cent. The effects of the interest rate rise in August are expected to continue the drop in home ownership. Economists expect that people will move to investment in superannuation rather than property after super changes from 1 July. However, the housing industry blames low housing affordability.
