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1.Market Observations, 8.Was Sticky

8 Aug 2019 (AFR) – Investor home loans pick up for first time in 11 months

(8 August 2019, AFR, p31, Michael Bleby, Senior Reporter)

12 month rolling growth (CBC, AFR)

12 month rolling growth (CBC, AFR)

‘June’s interest rate cut and post-election confidence boost gave home loan commitments a much-needed boost but failed to avert the weakest lending year in six years, official figures on Wednesday showed. Boosted by the first monthly pickup in investor lending commitments in 11 months in June, total home loans rose 1.9 per cent to $16.8 billion in seasonally adjusted terms.’

Read more (and see another graph) at AFR.com (might need AFR log in access, or try: AFR.com/trial)

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