Tensions evident in housing sector; home loan approvals up 0.6% in Sep

Summary: Value of loan commitments up 0.6% in September, less than expected; 4.7% lower than September 2022; Westpac: point to clear tensions in the sector; ACGB yields drop; rate-rise expectations soften; ANZ: peak of competition for debt may have passed; value of owner-occupier loan approvals down 0.1%; investor approvals up 2.0%; number of owner-occupier home loan approvals flat. The number and value of home-loan approvals began to noticeably increase after...

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