June home loan approvals slip, coming off high base

Summary: Number of home loan approvals decline by 2.1% in June; likely to weaken without HomeBuilder but low interest rates providing support “for some time”; value of loan commitments decrease by 1.6%; value of owner-occupier loan approvals down by 1.9%, investor approvals up by 0.7%; coming off high base; “some moderation” expected in September quarter; COVID-related disruptions not fully apparent until lock-downs end.     A very clear downtrend was...

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