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Showing 1 - 10 of 35 results for "housing credit"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... rate of minus 3.0% to minus 2.0% in May. Personal credit was also better in May (-6.4% from -7.8%) while growth in housing credit quickened to an annual rate of 4.8% in May (from 4.4% in April) with both owner-occupied housing (6.6% vs. 6.2%) and investment ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... monitoring lending standards. "Housing markets have strengthened further, with prices rising in all major markets. Housing credit growth has picked up, with strong demand from owner-occupiers, especially first-home buyers. There has also been increased ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... said. The RBA noted that loan approvals have begun to rise, but are yet to see the flow through to a pick-up in housing credit growth, which has remained at historically low rates for both owner occupiers and particularly investors. "One issue that we ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... year to August (after two rate cuts at the time) with personal credit down for the 47th month in a row to 3.5% and housing credit growth continuing to slow to 3.1%. No wonder business confidence is also down. The NAB Business Survey shows that business ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... prices are likely to remain soft and home building is set to reduce through 2019 and into 2020. We expect system housing credit growth to slow t 2% in the current bank year and fall further next year to 2.5%. That would imply a total credit growth slowing ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... risks from the second, which is gathering momentum and deserves more attention. The deceleration in the flow of housing credit has been evident since at least early 2018 but has only recently come into focus due to a flurry of weakness in indicators ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... business survey that showed sharp decline in both business conditions and business confidence over the same month. Housing credit slowed to a year-on-year rate of 4.2% in February from 4.4% in the previous month - the 18th consecutive month of weakening ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
... risks from the second, which is gathering momentum and deserves more attention. The deceleration in the flow of housing credit has been evident since at least early 2018 but has only recently come into focus due to a flurry of weakness in indicators ...

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
... months. Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets. Housing credit growth has declined, with investor demand having slowed noticeably." The RBA expects some further tightening in lending standards. ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... more plausible. As its base case, UBS analysts see banks maintaining dividend payouts at current levels. It sees housing credit growth stall by the end of FY20, as the credit conditions tighten. It also assumes house prices will fall by 5% over the coming ...
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