The APRA measures to quell investor lending are failing to have a significant impact on home loan demand – yet, new data has revealed.

According to the July Housing Finance Data from the Australian Bureau of Statistics, 53,095 home loans were approved over the course of the month – up 0.3% on the month prior.

In recent months, Australia’s lenders have made changes to their policies and pricing in a bid to reduce their level of investment lending.

As most of the changes were made in June and July, it is still early days, and we are unlikely to see the true impact of these changes for some months yet.