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Australia – Dec housing finance
12/02/2016 04:11 pm MYT
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In seasonally adjusted terms, the total value of dwelling finance commitments in Dec grew by 0.8% from Nov. Investment housing commitments edged up by 0.6%, while owner-occupied housing commitments rose by 0.9% from the preceding month – see table 1.

 

Year-on-year, the total value of owner-occupied housing commitments jumped by 21.4%, while the total value of investment housing commitments fell by 13.6% – see figure 1. Going forward, investment housing commitments are expected to continue declining. This is because all the four major banks have increased interest rates for mortgage loans to cover additional costs arising from more capital being set aside to meet regulatory requirements.

 

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Note from Publisher
i Capital will pause its publication for one week in the week beginning 8 Apr. However, www.icapital.biz will be updated as usual. Apart from the public holidays, the operating hours of our Kuala Lumpur office will be as usual. Volume 35, number 32 of i Capital will henceforth be dated 18-24 Apr 2024.

Some people have accused i Capital and Tan Teng Boo of being pro-China and they are very uncomfortable with it. Well, according to a recent survey conducted by an independent think-tank in Singapore, for the first time since the survey was conducted, there are more people in ASEAN favouring China over the US – see this week’s write-up on Hong Kong for more. The shift in sentiment is not surprising given the US brazen hypocrisy, fondness of playing moral police, and forcing her views and values on others. In the past, small countries had to endure US bullying silently. Now, the rise of China has provided ASEAN and developing countries in general the courage to voice their dissatisfactions with the US. In the end, the truth always prevails.
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