Home loan figures beat expectations; borrowers “unable to transact”

10 June 2020

 

Summary: Home loan approvals fall in number and value over April; fall not as large as expected; owner-occupier, investor loans both fall in dollar terms; further softness anticipated.   A very clear downtrend was evident in the monthly figures of both the number and value of home loan commitments through late-2017 to mid-2019. Then the RBA reduced its cash rate target in a series of cuts and both the number...

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