Home loan approvals slip in June but “clear up-trend”

01 August 2023

 

Summary: Value of loan commitments down 1.0% in June, contrasts with expected gain; 18.2% lower than June 2022; Westpac: clear up-trend led by prices, volumes relatively flat; UBS: trend implies housing/total credit growth will ease a bit further; value of owner-occupier loan approvals down 2.8%; investor approvals up 2.6%; number of owner-occupier home loan approvals down 3.0%. The number and value of home-loan approvals began to noticeably increase after the...

read full story