Home loan approvals unexpectedly jump; housing “much more resilient”

09 October 2020

 

Summary: Home loan approvals jump in number and value in August; no Victorian impact; housing “much more resilient” than expected; owner-occupier loan commitments surge again; investor commitments also up strongly; “widening state variations”, lags between application and approval complicating forecasting.   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...

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