Summary: Number of home loan approvals up 4.0% in November; value of loan commitments up 6.3%; approvals excluding refinancing near record highs; ANZ expects rate rises to trigger material fall in lending eventually; value of owner-occupier loan approvals up 7.6%, investor approvals up 3.8%; rate rises to trigger “material fall in lending” eventually. After the RBA reduced its cash rate target in a series of cuts beginning in mid-2019 the...