Australian housing finance rises 1.8pc in July

Thursday 9 September 2004

SYDNEY: Lending to Australian property buyers rose less than expected in July, reinforcing expectations the central bank will wait until late 2004 or early 2005 before increasing interest rates.

By The Landlord

Earlier, the Reserve Bank of Australia said it left rates steady at 5.25 per cent for a ninth month at a meeting on Tuesday.

The volume of housing finance excluding investors rose 1.8 per cent in July, only the second rise in 10 months, the Australian Bureau of Statistics reported. The figures are seasonally adjusted.

Read More - Opens in a new window
Commenting is closed

Property News

Weak sales, resilient prices

Auckland’s housing market saw another slump in sales volumes in May but prices are holding steady, according to the city’s largest real estate agency.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Bank LVR limits on hold

Banks have not relaxed loan-to-value ratio limits for investors, despite the Reserve Bank's move to scrap LVR rules.

Site by PHP Developer