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03:24:11 pm

Australia June Home Loans ? All The Data

expected of 2.0%, and prior of 1.7%, revised from 1.8%) Investment Lending for June -0.5%m/m (vs. prior of 1.1%, revised from 1.5%) Owner-Occupier Loan Value for June 2.1%m/m (vs. priorof 2.2%, revised from 2.3%) The RBA are looking for a transition from mining investment to other sectors of the economy, like housing construction. This data is a bit of a mixed bag, the headline figure is better AUD/USD showing little response, though. - From the ABS report: the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 15.1% in June 2013 from 14.6% in May 2013. n trend terms, the number of commitments for the purchase of established dwellings rose 2.1%, the number of commitments for the purchase of new dwellings rose 1.8% and the number of commitments for the construction of dwellings rose 0.9% The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.2%. Owner occupied housing commitments rose 1.5% and investment housing commitments rose 0.7%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.2%.
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The RBA has lowered borrowing costs in six moves: 25 basis points apiece in November and December 2011, then 50 basis points in May, 25 in June, 25 in October and 25 this month. Still, the number of Australian construction jobs fell by 21,900 in the 12 months through November. The cumulative reduction in interest rates is affecting interest-sensitive parts of the economy, though the full effects will, of course, take more time to become apparent, the central bank said in its quarterly monetary policy statement released Feb. 8. Home-building approvals unexpectedly declined for the second time in three months in December. The number of permits granted to build or renovate houses and apartments fell 4.4 percent from November, the Bureau of Statistics said in Sydney last week. Concern about job security in Australia has curbed retail spending, which fell in the final three months of 2012, the longest decline in 13 years. Consumer confidence was little changed last month as households concerned about their finances shrugged off rate reductions, a private report showed Jan.
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Australia December Home-Loan Approvals Fall for Third Month

Search Deal Journal Australia1 April 3, 2012, 9:57 AM Aussie Home Loans Buys National Mortgage Brokers Aussie Home Loans is on the expansion trail owing to the acquisition of wholesale mortgage broker National Mortgage Brokers , or nmB, for an undisclosed amount. News Limited John Symond nmB has nearly 200 Sydney low doc home loans mortgage brokers throughout Australia, settling approximately 200 million Australian dollars (US$208.5 million) in mortgages each month with a loan book of more than A$8.2 billion. Aussie Home Loans has a loan book of over A$42 billion with more than 250,000 mortgage customers serviced by Aussies lending force of around 700 accredited mortgage brokers and 150 stores, and the combined entity will settle around A$1.2 billion new mortgages a month and run a loan book of more than A$50 billion. We are on an expansion trail and see National Mortgage Brokers as a strategic acquisition in building our distribution capability, which is no longer just focused on our established branded mobile and retail channels, Aussie Home Loans executive chairman John Symond said in a statement. He added that his firm intends to help nmB grow in the wholesale broking space and aims to lift broker numbers via a recruitment drive. Mr. Symond was ranked the 67th wealthiest individual in Australia with a fortune of A$609 million, according to BRW Magazines 2011 Rich 200 List.
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