Lending data strongest “since January 2014”

11 March 2020

 

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 began to reduce its cash rate target in a series of cuts and both the number and value of mortgage approvals began to noticeably increase. January’s housing finance commitment figures have now been released and the total number of loan commitments (excluding refinancing...

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