New mortgage lending was down again in January, with another heavy fall in lending to residential property investors.The latest Australian Bureau of Statistics figures show "lending for dwellings" was down 2.1 in January 2019, compared with the previous month. The value of that ending was A$17.1 billion.Lending to owner-occupiers was down 1.3 per cent in January and down 17.1 per cent over the 12 months to January.Lending to investors was down 4.1 per cent over the month and down 28.6 per cent over the year.In a sign of the peril for housing prices in the critical Sydney market, economist Lindsay David from LF Economics pointed out that investment lending in NSW was down by 30 per cent compared with January 2018 and down by 46 per cent compared with January 2017.