From the Westpac Bulletin:
Housing credit has lost momentum under the weight of past tight monetary policy and with the sector facing a number of headwinds.
Housing credit grew by just 0.30% in the month of June. This is the weakest monthly result on record (back to 1976), with the exception of a one-off fall of -0.38% for June 1984. Annual housing credit growth has now slowed to 5.1%, moderating from 6.0% a year ago.