Tasmania's home lending slide extended to a ninth straight month in June, with no sign yet of a post-federal election bounce.
Real estate figures reported a strong uplift in interest after the May election.
However, the Australian Bureau of Statistics estimated housing finance commitments for owner-occupation (including refinancing) dropped again in June, to 1007 in trend terms.
That was well down from the recent peak of 1109 commitments in September last year.
Tasmanian home lending excluding refinancing had dropped for seven months straight, from a recent peak of 806 in November to 717 in June.
It appeared the nation overall was picking up, with increases in home lending to households and investors in June the first rises in more than a year.
Tasmanian housing approvals by councils have also fallen in recent months.
The Reserve Bank on Tuesday kept the cash rate at a record low 1 per cent.
Governor Philip Lowe made clear the Reserve would be prepared to cut the rate further if it believed that was required.
"The board will continue to monitor developments in the labour market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time," Dr Lowe said.
He said conditions in most housing markets remained soft, although there were some signs of a turnaround, especially in Sydney and Melbourne.
"Growth in housing credit remains low," he said.
"Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality."