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AAP
AAP
Poppy Johnston and Kaaren Morrissey

Home lending sinks but a stronger 2024 on the horizon

Economists say high home prices and interest rates reduced demand for lending at the end of 2023. (Darren England/AAP PHOTOS)

Lending to hopeful home owners and investors took a tumble in the final month of last year, marking the first decline in five months.

The 4.1 per cent fall in new home and investment property loans in December followed steady increases in lending throughout 2023.

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