Home loan approvals bounce in May; more weakness expected

03 July 2023

 

Summary: Value of loan commitments up 4.8% in May; 20.5% lower than May 2022; UBS: figures imply housing credit growth will ease further; ANZ: average owner-occupier mortgage for existing homeowners a touch higher, average first home buyer mortgage sharply lower; value of owner-occupier loan approvals up 4.0%; investor approvals up 6.2%; number of home loan approvals up 5.1%. The number and value of home-loan approvals began to noticeably increase after...

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