Australian Home Loan Approvals Up
According to Bloombergs, Australian home loan approval rates climbed in June, up an estimated .5%. This is thought due to rising wages and cheaper finance.
The following is a breakdown of economists projections in monthly approvals in the Australian finance market:
Home Loans, June 2006 From May
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Median 0.5%
Average 0.4%
High Forecast 2.0%
Low Forecast -2.0%
No. of forecasts 21
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AMP Capital 0.5%
ANZ Bank 1.0%
BT Financial 0.0%
Citigroup Australia 1.5%
Commonwealth Bank 1.0%
4Cast 0.4%
Goldman Sachs JBWere 1.0%
HSBC 1.0%
ICAP Australia -1.0%
JPMorgan Chase 0.5%
Macquarie Bank -2.0%
Moody's Economy.com -0.3%
National Australia Bank 1.5%
Nomura Australia -1.0%
RBC Capital Markets 1.0%
St.George Bank 0.0%
Societe Generale 2.0%
Suncorp -1.5%
TD Securities 1.0%
UBS Australia -0.5%
Westpac Banking 1.5%
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Australia's housing market may be showing signs of rebounding from a slowdown last year that kept economic growth to 2.5 percent.
The following is a breakdown of economists projections in monthly approvals in the Australian finance market:
Home Loans, June 2006 From May
------------------------------------
Median 0.5%
Average 0.4%
High Forecast 2.0%
Low Forecast -2.0%
No. of forecasts 21
------------------------------------
AMP Capital 0.5%
ANZ Bank 1.0%
BT Financial 0.0%
Citigroup Australia 1.5%
Commonwealth Bank 1.0%
4Cast 0.4%
Goldman Sachs JBWere 1.0%
HSBC 1.0%
ICAP Australia -1.0%
JPMorgan Chase 0.5%
Macquarie Bank -2.0%
Moody's Economy.com -0.3%
National Australia Bank 1.5%
Nomura Australia -1.0%
RBC Capital Markets 1.0%
St.George Bank 0.0%
Societe Generale 2.0%
Suncorp -1.5%
TD Securities 1.0%
UBS Australia -0.5%
Westpac Banking 1.5%
====================================
Australia's housing market may be showing signs of rebounding from a slowdown last year that kept economic growth to 2.5 percent.
