Home loan data holds up; “steep decline” coming

06 May 2020

 

Summary: Home loan approvals fall in number but increase in value over March; owner-occupier loans rise; investor loans decline. A very clear downtrend was evident in the monthly figures of both the number and value of home loan commitments through late-2017 to mid-2019. Then the RBA reduced its cash rate target in a series of cuts and both the number and value of mortgage approvals began to noticeably increase. Figures...

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