May home loan approvals slip; still up 8.6% in 2024

<
08 July 2024

 

Summary: Value of loan commitments down 1.7% in May, contrasts with expected rise; 18.0% higher than May 2023; ANZ: lending still up 8.6% in 2024; ACGB yields down; rate-rise expectations soften; Westpac: does not alter wider narrative of price-led upswing; value of owner-occupier loan approvals down 2.0%; value of investor approvals down 1.3%; number of owner-occupier home loan approvals down 1.6%. The number and value of home-loan approvals began to...

read full story