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The New Daily
The New Daily
Business
Poppy Johnston

Home buyer borrowing sinks 2.9 per cent in April

Housing-related borrowing has fallen again but the decline has not fully unwound the rebound in the month before. Photo: AAP

Home buyer lending has dropped off again as higher interest rates continue to suppress demand for housing.

The 2.9 per cent monthly fall in new home commitments followed a 5.3 per cent uptick in housing-related borrowing in March.

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