Just for you sector, as you seem to have a problem with doing proper research.
Housing finance: Feb 2013
Aus housing finance: modest recovery intact
'Upgraders' & investors drive gains as first
home buyers drop to a new record low
February finance (no.): +2%mth, +1.5%yr
Loan approvals to FHBs broadly stabilised in Jan-Feb
but remain at very weak levels overall, a new record
seasonally adjusted monthly low on our estimates and
down 16.6%yr. In contrast, loans to 'upgraders' ex refi
rose solidly in Feb to be up 15.6%yr. The FHB/upgrader
mix of owner-occupier loans is usually around 1 to 3 but is
currently closer to 1 to 4
The value of loans to investors continues to track a solid
uptrend, up 1.8%mth and 15.4%yr in Feb. State figures for
Feb will be released tomorrow but as at Jan strength was
concentrated in NSW, WA and to a lesser extent Vic.
pass the parcel, who's going to be left holding the bag?
http://www.westpac.com.au/docs/pdf/aw/economics-research/er20130415BullAushousingfinanceFeb.pdf
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