SYDNEY—Growth in Australian home loans for investment hit record lows in June as tighter lending standards and hikes in some mortgage rates sucked the life out of the buy-to-let sector, piling further pressure on house prices.
Tuesday’s figures showed the stock of outstanding credit for home investment fell 0.1 percent in June, from May. That was the first drop since the global financial crisis and only the third decline in the near-30 year history of the series.
