Matthew Hassan, Research Analyst at Westpac, points out that Australian housing finance approvals continued to soften in September as the headline number of owner occupier loans declined 1% in line with the consensus forecast. Key Quotes “Ex refinancing, the decline was a milder 0.5%mth.” “The value of loans was considerably weaker. In particular the value of owner occupier loans dropped 4.2%mth to be down 8% in the space of two months. With the number of approvals showing much milder declines, the implied average loan size has declined notably, by 3.6% since May, or $14.6k.” “The combined total value of housing finance approvals including investors but excluding owner occupier refi, fell 3.7% to be down 14.2%yr.” “Overall, the finance data shows continued soft conditions, particularly across the owner occupier segment where tighter lending standards look to now be the main source of weakness.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBA optimism permeating market pricing – TDS FX Street 3 years Matthew Hassan, Research Analyst at Westpac, points out that Australian housing finance approvals continued to soften in September as the headline number of owner occupier loans declined 1% in line with the consensus forecast. Key Quotes "Ex refinancing, the decline was a milder 0.5%mth." "The value of loans was considerably weaker. In particular the value of owner occupier loans dropped 4.2%mth to be down 8% in the space of two months. With the number of approvals showing much milder declines, the implied average loan size has declined notably, by 3.6% since May, or $14.6k." "The combined total value of housing… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
