Home loan approvals make new high in January, “nearing peak”

01 March 2022

 

Value of loan commitments up 2.6% in January; owner occupier activity “looks to be nearing peak”; high levels of lending “likely” through first half before cash rate increases; value of owner-occupier loan approvals up 1.0%, investor approvals up 6.1%; number of home loan approvals up 0.2%. After the RBA reduced its cash rate target in a series of cuts beginning in mid-2019 the number and value of approvals began to...

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