Powered by MOMENTUM MEDIA
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.

Housing finance commitments continue downward spiral

Staff Reporter 1 minute read

The value of housing finance activity declined again in May, figures from the ABS revealed today.

The value of total dwelling commitments fell 6.1 per cent from April to $18.141 billion, seasonally adjusted, driven by a 5.7 decrease in owner-occupied housing commitments and 6.8 per cent drop in investment housing.

The number of owner-occupied housing commitments fell most significantly during the month by 7.9 per cent, seasonally adjusted– the largest decline in eight years.

Non-bank lenders experienced a 17.9 per cent decrease in owner occupied financing while the number of housing loans financed by banks decreased 6.3 per cent.

Published: 09-07-08

Advertisement
Advertisement
Related Articles
Non-bank market share slides in April , June 2008
Housing finance commitments continue downward spiral
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
ANZ new still ta ANZ extends business loan terms

The major bank has announced that it will extend the maximum loan...

cash money rolls Credit growth stunted by dive in business lending

Credit growth has waned as a result of a sharp drop-off in busine...

court gavel ta Court rules against bank for ‘unfair’ loan terms

The Federal Court has declared a number of loan contracts entered...

FROM THE WEB