Home loan approvals stage comeback; refinancing presents “major implications”

Summary: Home loan approvals rise in number and value in July; “broadly based” but Victoria the exception; reflected improved economic conditions, access to housing inspections; owner-occupier loan commitments surge but “not start of trend”; “a last hurrah” before Victorian lockdown; investor commitments up modestly; “massive wave” of refinancing activity.   A very clear downtrend was evident in the monthly figures of both the number and value of home loan commitments...

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