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The banks have gained further ground as funding issues continue to hamper the non-bank sector’s ability to compete on price.
The number of owner-occupied dwellings financed by the sector, according to the latest ABS data, decreased eight per cent over the month, seasonally adjusted, following a slight revised increase of 1.6 per cent in June. <
The number of owner-occupied dwellings financed by the sector, according to the latest ABS data, decreased eight per cent over the month, seasonally adjusted, following a slight revised increase of 1.6 per cent in June.
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The number of bank financed loans has increased by one per cent.
Over July, the total number of home loans issued continued to fall, dropping by a further 0.2 per cent to 50,279.
Finance for the purchase of new dwellings decreased most significantly by 3.1 per cent.
Published: 09-09-08
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