News By Oct 08, 2024 Share August data shows a notable cooling in the housing market, with the pace of housing lending (excluding refinancing) slowing to just 1% month-on-month, a sharp drop from the 3.5% rise recorded in July, ANZ reported. “The increase was driven by investor lending, which rose 1.4% month-on-month in August and is up 34.2% over the past year,” said Madeline Dunk (pictured above), ANZ economist.