Since late 2017/early 2018, a very clear downtrend has been evident in the monthly figures of both the number and value of home loan commitments. This downtrend lasted through to June 2019 when the RBA cut its cash rate target from 1.50% to 1.25%. The RBA then reduced its target again in July and the number of approvals figures began to recover. September’s housing finance commitment figures have now been...