Australian Housing finances falls in March

Pexels/Juhasz Imre. Australian home lending continued to weaken in April, driven lower by another drop in the value of investor loans. According to the Australian Bureau of Statistics (ABS), the value of housing finance fell 0.2% to $31.742 billion in seasonally adjusted terms, leaving the decline on a year earlier at 3.2%, slightly smaller than the 4.4% drop reported in the 12 months to March.

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full blown housing correction in Australia, it pays first to look at how far prices have risen over the long-run. The chart below, which begins at the start of the 1970s, plots the rise in australian housing values, which have increased from around AUD $12,500 in 1970, to AUD $686,700 by the end of 2017.

SYDNEY–Australian housing finance fell in April from March with the economy slowing ahead of a federal election in May, while falls in house prices and tight clamps on mortgage lending continued to.

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SYDNEY–Australian housing finance fell in April from March with the economy slowing ahead of a federal election in May, while falls in house prices and tight clamps on mortgage lending continued.

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I posted a few snippets from banks on what to expect, for background here is the link ICYMI. Home loans -2.5% m/m.. the -2.8% initially hitting seems to be incorrect, its -2.5% By Eamonn Sheridan

Mortgage lending in Australia slowed in November as falling house prices and restricted credit from banks continued to cool the market.. Housing finance falls less than expected in November.

 · Australian Property – Expert Analysis, Discussion and Archives from Macrobusiness.com.au. Australians have always been prepared to structure their finances around property. This showed up in a.

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SYDNEY–The number of Australian home-loan approvals fell by a seasonally adjusted 2.5% in March from February, the Bureau of Statistics said Monday. Economists had expected a 0.5% fall for the month.

 · UK house prices fell in March for the second month in a row, with London again the weakest region, according to Nationwide, one of Britain’s biggest mortgage lenders. The average price of a.

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Friday, March 15, 2019. Our view on global and Australian share markets hasn 't changed. They have. Expect a further fall in our housing finance tomorrow.