“Lockdown” states still a drag on October home loan approvals

02 December 2021

 

Summary: Number of home loan approvals decline by 4.0% in October; declines “delayed effects” from  lockdowns, bounce back “likely”; value of loan commitments decrease by 2.5%; value of owner-occupier loan approvals down by 4.1%, investor approvals up by 1.1%; loan approvals down 11.9% over past three months in NSW, Victoria, ACT but up 0.3% in rest of Australia. A very clear downtrend was evident in the monthly figures of both...

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