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Australian House Prices

Australian House Prices

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Old Sep 5th 2004, 11:31 pm
  #16  
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Quinkana will become famous soon enoughQuinkana will become famous soon enough
Default Re: Australian House Prices

Mortgage Equity Withdrawal, Upgrading or First Time Buyers? I dunno.

"Preliminary figures from the major banks, which sell most loans, show the number of new loans approved in July rocketed 9.5 per cent, seasonally adjusted, as buyers poured back into the housing market."

If figures released on Wednesday are as strong, it would be the biggest rise in approvals since February 1992, when the number of new loans jumped 10.3 per cent, and would call into question the widespread belief that the boom in the housing market is over."

Home loans explode
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Old Sep 6th 2004, 12:46 am
  #17  
 
Joined: Aug 2003
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bondipom is an unknown quantity at this point
Default Re: Australian House Prices

Originally Posted by Quinkana
Mortgage Equity Withdrawal, Upgrading or First Time Buyers? I dunno.

"Preliminary figures from the major banks, which sell most loans, show the number of new loans approved in July rocketed 9.5 per cent, seasonally adjusted, as buyers poured back into the housing market."

If figures released on Wednesday are as strong, it would be the biggest rise in approvals since February 1992, when the number of new loans jumped 10.3 per cent, and would call into question the widespread belief that the boom in the housing market is over."

Home loans explode
That sort of figure will make interest rate rises more likely.
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