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St.George Bank - Housing Finance Shapshot June 2008
St.George Bank - Housing Finance Shapshot June 2008 (PDF)
Quote:
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Today’s housing finance data surprised on the downside, falling 3.0% in April to be 14.2% lower over the year. The monthly drop was much larger than the median expectation of -1.9% and comes after very sharp declines in the last two months, of 5.7% and 7.4%. Meanwhile, although the value of investment loans improved in the month, by 1.4%, it follows significant falls, averaging 7.9% per month, in February and March and is still sharply lower over the year, by 6.8%.
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Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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