Home loans fall to levels not seen in 10 years

11 04 2011

The avalanche of bad residential property news just keeps coming. Today, the ABS reported home loan approvals in February has fallen a seasonally adjusted 5.6 percent to 45,393 approvals. This is the lowest number in the past 10 years, when in February 2001, 44,663 approvals were recorded. February’s figure is now 32% lower than the peak 66,767 approvals recorded in July 2007 before the Global Financial Crisis took hold.

Tasmania lead the plunge, recording a 13.7% fall in approvals. Home loans in the Northern Territory fell 11.4, New South Wales 10.1 percent, South Australia 5 percent, Victoria 4.6 percent, ACT 4.5 percent, Western Australia 2.1 percent, while flood ravaged Queensland only recorded a 0.5 percent fall.

» Home loans drop on weak demand in biggest fall in 14 years – News Limited, 6th April 2011.
» Home loans sink to decade low – The Sydney Morning Herald, 6th April 2011.

whocrashedtheeconomy.com

Advertisements

Actions

Information

One response

11 04 2011
House Blueprints - Home 20833 blueprint

[…] you can see this related post: https://pasefikalife.wordpress.com/2011/04/11/home-loans-fall-to-levels-not-seen-in-10-years/ Fairfax Station Furnace – Air Conditioning Trinity TX Posted in European […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: