COVID shock “milder and briefer”; home loan approvals up in June

05 August 2020

 

Summary: Home loan approvals rise in number and value in June; gain larger than expected; COVID shock “milder and briefer”; owner-occupier, investor loans both rise in dollar terms; average loan size for owner-occupiers up by 15%; income, job disruptions likely to maintain downward pressure on borrowing capacity of home buyers.   A very clear downtrend was evident in the monthly figures of both the number and value of home loan...

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