Get notifications in real-time for staying up to date with content that matters to you.
In further evidence that the non-bank sector has been hit hard by current market conditions, ABS figures released today showed the number of owner-occupied dwellings financed by the sector decreased by 8.7 per cent in April, seasonally adjusted.
This came off the back of a revised 11.6 per cent decrease in March.
Banks also experienced a two per cent decline in financing activity in April; overall the market experienced a decline of three per cent in dwelling commitments to $19.464 billion, seasonally adjusted.
Owner-occupied housing finance decreased most significantly, falling by 4.9 per cent to $13.406 billion, seasonally adjusted.
The total value of investment housing financing rose by 1.4 per cent, seasonally adjusted.
Published: 10-06-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Major brokerage appoints new GM of distribution
Mortgage Choice has announced that Citi’s former head of bankin...
ANZ extends business loan terms
The major bank has announced that it will extend the maximum loan...
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in busine...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
