Housing finance fell overall 1.6% in April, figures show, with a 2.3% reduction in borrowing by investors

Mortgage lending appears to be slowing in the wake of the financial regulator’s latest clampdown on interest-only loans.

The value of all housing‑related lending fell by 1.6% in April, data from the Australian Bureau of Statistics showed on Friday, in the first full month after the Australian Prudential Regulation Authority (Apra) introduced tighter macro-prudential policies.

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