Would You Credit It? – New Loan Commitments Fall Again!

The ABS reported a further fall in new credit commitments in December 2022, across most categories. Even refinancing was down a little, though still elevated as people seek cheaper loan options.

First time buyers are continuing on the sidelines, with volumes falling here too.

But borrowing for holidays rose significantly.

Average loan sizes rose however, with Western Australia leading the way!

More signs of further home price falls ahead?

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

The Lending Worm Is Turning Now! [Podcast]

The ABS finally released their November 2022 New Lending stats today. Overall new loan commitments fell 3.7% in the month, and apart from refinancing, which hit a record, all other loan categories dropped to levels which in some cases were below pre-COVID levels.

First time buyers were hit hard.

More signals of a falling property market ahead.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Lending Worm Is Turning Now! [Podcast]
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Higher Rates, And Risk Of Recession, As Weaker Lending Is Expected [Podcast]

We look at the latest data as forecasters indicate a rise in mortgage rates as the RBA tackles inflation, leads to reduced lending, and risks of stagflation or recession.

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Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Higher Rates, And Risk Of Recession, As Weaker Lending Is Expected [Podcast]
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A Stats Fest On Credit, Home Prices And GDP…

Loads of data out the past couple of days, so we cover off the March 2022 quarter GDP, (hint strong household spending), Credit Growth (hint, investors having a field day), Building approvals (down) and Home Price aggregates (overall down).

We also discuss the implications for the new Government.

Mirage Versus Reality – The DFA Daily 15th January 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

We look at the latest new lending stats in Australia and also the events in the USA as Jerome Powell jaw-bones the markets and a new rescue plan is mooted.

CONTENTS

0:00 Start
0:34 Introduction
1:06 New Lending For November
5:21 HIA On The Numbers
9:00 USA Economy
9:45 Biden’s Rescue Package
15:35 Jobless Claims Surged
21:40 Jerome Powell’s Jaw-boning
26:33 Conclusion
29:34 Ending

Go to the Walk The World Universe at https://walktheworld.com.au/

Apologies for the higher-than-normal background sounds – studio door was open

Home Lending Spin And Reality… [Podcast]

We look at the real new lending data, and compare it with the spin….

https://www.abs.gov.au/statistics/economy/finance/lending-indicators/oct-2020

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Home Lending Spin And Reality... [Podcast]
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Whats Up With The Credit Flow Stats?

Something is late, very late this month. After the stock loans data from the RBA and APRA, both of which arrived for October on the last day of November, we would have expected to see the credit flow data from the ABS, about a week or so later.

Yet, digging into the upcoming releases, it looks like something will land on the 17th December. In addition, we are expecting significant revisions and changes as they continue to tweak the new reports.

They said:

From December 2019, this publication will be based on a new, improved data collection, called the Economic and Financial Statistics (EFS) collection. To better reflect the new content, the publication will be renamed Lending Indicators, Australia (cat. no. 5601.0). The first issue of the new publication will contain October 2019 data and will be released on 17 December 2019.

We know the October loan stock growth slowed to the lowest in many years, so the current theory doing the rounds is that households are repaying existing loans, and significant volumes of new loans are being written. Industry sources suggest to me that the refinance sector is buoyant thanks to the lower rates, but that is a net sum game. It is the new loans which we need to watch (after all if home prices are really taking off, per some of the indices, we would expect to see this trend), something which was pretty anemic last month.

And they also warn:

The changes to the concepts and classifications are significant. There is a high likelihood of revisions in future reporting periods as APRA, the ABS and the RBA continue to work with ADIs and other reporting institutions to ensure consistent reporting that aligns with instructions and definitions, and the impacts on seasonality can be measured. It is expected data quality will continue to improve over time.

The August Lending Flow Mixed Bag [Podcast]

We review the latest from the ABS. 5601.0 – Lending to households and businesses, Australia, Aug 2019

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The August Lending Flow Mixed Bag [Podcast]
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The Credit Monster Stirs…[Podcast]

We look at the latest data from the ABS on new lending flows.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Credit Monster Stirs...[Podcast]
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Is Lending Up, Or Is Lending Down? [Podcast]

We look at the latest ABS stats.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Is Lending Up, Or Is Lending Down? [Podcast]
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