October bounce vanishes as November finance approvals resume falls

17 January 2019

 

The Australian Bureau of Statistics (ABS) collects data on housing finance commitments made by significant lenders. These figures include mortgage commitments for the construction or purchase of owner-occupied dwellings and investment properties. It has some overlap with the RBA’s monthly private sector credit statistics which also includes investor lending and owner-occupier lending. Since late 2017 / early 2018, a very clear downtrend has emerged in the monthly figures of both...

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