Housing Finance

  • June 2020

    August 5, 2020

    The value of new loan commitments for housing (excluding refinancing) unexpectedly rose by 6.2% in June 2020, which was the fastest pace since March 2009.

    The rebound reflects the easing of COVID-19 restrictions on home opens, auctions and mobility.

    External refinancing retreated from all-time highs in May, yet remains elevated by historical standards.

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  • May 2020

    July 9, 2020

    The value of new loan commitments for housing (excluding refinancing) dropped by 11.6% in May 2020, reflecting restrictions during the partial lockdown in March and April. External refinancing of housing loans surged to the highest level on record.

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  • April 2020

    June 10, 2020

    The value of new loan commitments for housing (excl. refinancing) fell by 4.8% in April 2020, half of what was expected by market participants (10%).

    The April fall was moderated by the processing of a backlog of loan applications from March due to a surge in demand for refinancing and mortgage holidays.

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  • March 2020

    May 10, 2020

    The value of new loan commitments for housing (excluding refinancing) rose by 0.2% MoM in seasonally adjusted terms in March, following a 1.8% fall in February.

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  • February 2020

    April 8, 2020

    The value of new loan commitments for housing (excluding refinancing) declined in February by 1.7% MoM in seasonally adjusted terms. According to the ABS the numbers were not impacted by the COVID-19 epidemic.

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  • January 2020

    March 11, 2020

    Mortgage lending remained strong in January.

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