Lending finance for owner occupied housing fell by 5.3% in May according to the latest ABS Lending Finance figures. Despite the drop for May there was a 9.2% improvement nationally for the 12 months to the end of May 2015. The Property Council of Australia’s Executive Director Residential, Nick Proud, said these figures are evidence of a strong industry and residential development activity should continue to remain at peak levels throughout 2015 and into 2016.