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Housing finance bottoms

July 11, 2019 - 12:08 -- Admin

Today’s housing finance data for May from the ABS recorded a fall in mortgage commitments: As shown above, total finance commitments (excluding refinancings) fell by 2.4% in May, with owner-occupied commitments falling 2.7% and investor commitments falling 1.7%. Over the year, total finance commitments (excluding refinancings) crashed by 20.9%, with investor commitments tanking by 27.8% and owner-occupied

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