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?
