May home loan approvals “consistent with continued strong momentum”

02 July 2021

 

Summary: Number of home loan approvals increase by 0.8% in May; “consistent with continued strong momentum in housing markets”; value of loan commitments up by 1.9%; pace over past 3 months points to further acceleration over the second half.   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...

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