AUD Markets News 

Australia home-loan approvals fall more than seen

“The value of loans for investment housing rose by 1.1% from December, the ABS said” writes James Glynn for marketwatch.com. The Australian housing market is a little fragmented at the moment as the number of first home buyers recovers, while loans to investors fall.Approvals to buy newly built dwellings fell by 4.7%, while lending for the purchase of established homes fell by 1.5% in the month.The Australian banking regulator has tightened lending criteria for investment loans in an attempt to rebalance the market, and ease concerns around what were surging house prices.
 
Source: marketwatch.com



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