The market pauses for breath. Negative reports for the big capital city property markets. Banks on the nose.

But, look past the headlines and there is still a lot of positive happening. Australia’s population growth remains strong, this week the ABS predicted the nation’s population would hit 25m this August.

While investors may be sitting on the sidelines, preferring to do their tax return rather than look for a property in a flat market, the sheer weight of numbers means that Australians will need somewhere to live!

Certainly the major lenders are throttling back their mortgage lending. But the non-conforming lenders are aggressively taking their place. And, with rates as low as 3.99 per cent, many borrowers are happy to use smaller lenders – often who are not as hamstrung by APRA’s policies.

Sections of the media have seen the end of some borrowers’ interest-only period as a ticking time-bomb. But Accredited Broker sees this as a furphy; strong demographics plus competitive lending are hardly a recipe for a market collapse.

Undoubtedly the heady days are behind us, but most savvy purchasers are discussing their financial position with their accountant before re-entering the market later in the year.