Australia: Steady increase in housing finance continues – ANZ

According to analysts at ANZ, investor growth in housing slightly outpaced owner-occupiers (excluding refinance), but both represented a steady increase in demand for mortgages for the Australian economy.

Key Quotes

“Owner-occupier lending grew 1.6% m/m in November ex refinancing. This is the fifth strong monthly result in a row. The annual growth result (10.0%) was the strongest in two years.”

“Investor lending was up 2.2% m/m in November ex-refinancing. Annual growth is still slightly negative (-3.2%) but we expect this to turn positive in the short term.”

“Strong housing price growth amidst modest rises in supply are pushing up average loan sizes and squeezing some first home buyers out of the market. The number of loans issued to new home buyers has fallen two months in a row, for the first time since January. The expected rate cut in February may exacerbate strong housing price growth, and could lead to more upward pressure to loan sizes.”

“On the other hand, we are seeing the early stages of a recovery in listing volumes, and expect building activity to start growing later in the year. This may somewhat ease the upward pressure on housing prices by expanding the supply of available homes for sale.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD hits two-month lows amid USD strength

EUR/USD has pared its gains that followed upbeat preliminary PMIs for Germany came out above expectations, pointing to a recovery. The USD is advancing amid fears of the coronavirus.


GBP/USD drops below 1.31 amid USD strength, fails to sustain PMI gains

GBP/USD is trading below  1.31 after hitting a fresh high of 1.3172. The UK Manufacturing PMI beat with 49.8 and Services PMI with 52.9. The USD is gaining ground across the board.


Cryptos: Bears take over and draw a bloody moon

Despite appearances, Bitcoin is the asset with the best risk/benefit ratio. The current falls are adjusted to the ranges of the previous rise. Downward momentum expires in the first half of February.

Read more

Gold rebounds above $1560

The XAU/USD pair dropped to a daily low of $1556.70 during the European trading hours as the easing worries over coronavirus becoming a global epidemic and a broad-based USD strength put the pair under bearish pressure.

Gold News

USD/JPY stuck in range around 109.50 amid China coronavirus concerns

USD/JPY sticks to its range play around the midpoint of the 109 handle amid rising fears of the Chinese coronavirus outbreak globally, upbeat Japanese CPI data and a minor bounce seen in the US dollar across the board. Focus shifts to US PMIs.