Calendar

November 2013
SunMonTueWedThuFriSat
 << <Aug 2017> >>
     12
3456789
10111213141516
17181920212223
24252627282930

Announce

Who's Online?

Member: 0
Visitor: 1

rss Syndication

Posts sent on: 2013-11-30

Nov302013

Australia Home-loan Approvals Rise In September











Housing is emerging as one of the few areas of strength in the economy as a long resources boom cools. The central bank has cut rates eight times since late 2011 in a bid to spur activity in areas like retail and housing that have led previous expansions. But at the same time, policy makers are worried about the housing sector overheating, leading to risky investment that could derail a fragile economic recovery. The latest cut in August took the cash rate to a record-low 2.5%. Home-loan approvals have been rising steadily so far this year, with the exception of August, when they fell by a downwardly revised 4.0%. Finance approvals to build new houses rose 1.8% in September from August.
For the original version including any visit the site supplementary images or video, visit http://www.morningstar.com/advisor/t/83749569/australia-home-loan-approvals-rise-in-september.htm




Admin · 400 views · Leave a comment