New home loans finally reflect pandemic’s full impact

09 July 2020

 

Summary: Home loan approvals fall in number and value over May; fall larger than expected; May figures reflect full impact of pandemic; owner-occupier, investor loans both fall in dollar terms; pandemic’s effect expected to “linger”.   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 rate target in a...

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