January home loan commitments “soft”, “not enough” to shift trend

12 March 2019

 

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. The latest numbers have not done anything to alter this picture.  The ABS has released January’s housing finance commitment figures* and they were large as expected. The total number of loan commitments to owner-occupiers fell by 2.6%, broadly in line with the expected 2% contraction...

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