Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Non-bank market share slides in April

Staff Reporter 1 minute read

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

Non-bank market share slides in April
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...