Fall in housing loan numbers as new dwellings, investors hit

first_imgRefinancing figures, especially with owner occupiers, dropped in February, latest figures show. Picture: Darren EnglandLATEST figures show measures to crack down on housing loan numbers may be working with borrowing for new dwellings and investors seeing the largest falls.The figures, contained in latest Australian Bureau of Statistics housing finance figures out today, may be an good sign for the Reserve Bank and APRA that their measures to take the heat out of housing are having an impact.$420,000 windfall in 10 monthsHeritage-listed Cliffside apartment building set for auctionGet The Courier-Mail’s Real Estate and Property News in your InboxThe total value of home loans excluding renovations fell -2.7 per cent in February compared to January, according to ABS seasonally adjusted estimates, with investor lending dropping a massive -5.9 per cent, and the biggest fall in numbers (-7.1 per cent) hitting new dwellings.Housing Industry Association senior economist Shane Garrett said it was the second consecutive month of falls.“Even though lending volumes were down in both January and February, they are still inreasonably healthy shape as a result of the number of newly built homes reaching settlement,” he said.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 4:03Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -4:03 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p360p360p240p240pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenBuilding bridges with finance04:04“With housing affordability now such an important issue on the policy radar, it is critical thatMore from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agosettings remain favourable to the delivery of new housing supply at reasonable cost. In thislight, today’s comments from the Treasurer regarding more investment in affordable housingstock are to be welcomed.”The biggest fall in numbers (-7.1 per cent) hit new dwellings. Picture: Jodie RichterThe figures showed investor loans were valued at $12.923 billion in February, while owner occupied housing was $19.997 billion.The number of loans taken out by owner occupiers was down -0.5 per cent in February 2017 to 54,816 and the number of loans taken out to buy established properties also fell -0.4 per cent.Queensland figures showed that over the month, the number of owner occupied housing commitments fell 3.4 per cent seasonally adjusted, with 379 less buyers in February than there were in January. The figure was still a solid 10,649 buyers in February.A noticeable slowdown in refinancing was also apparent, especially with owner occupiers where the number of refinancing commitments fell (-3.5 per cent) in February compared to a 4.2 per cent rise in January.Excluding refinancing the number of owner occupied dwelling financed rose 1 per cent according to seasonally adjusted estimates, with those constructing new dwellings up 1.7 per cent.last_img read more

No. 2 Badgers blanket Scarlet Knights to improve to 5-0 in Big Ten play DH fms

first_imgThe No. 2 University of Wisconsin women’s volleyball team won their eighth straight game Wednesday night against Rutgers University in impressive fashion, 25-6, 25-11 and 25-11. The match was 11th sweep and quickest match of the season for the Badgers (13-0, 5-0 Big Ten), taking only 65 minutes to down a clearly mismatched Scarlet Knights (4-14, 0-5 Big Ten) team in dominant form.Wisconsin held its newest top-tier ranking in style and looked virtually unstoppable doing it. The Badgers recorded only two service errors in the whole match and posted their third game of the year with a hitting percentage over .400 with .436. In the third straight conference game on the road Wednesday, the squad wasted no time climbing to an early lead and refused to give an inch for the rest of the match.The usual suspects did most of the heavy lifting for the Badgers as All-American senior setter Lauren Carilini hit a career-high six aces and 31 assists.  Fellow senior All-American and middle blocker Haleigh Nelson notched a match-high 11 kills and a .733 hitting percentage with no errors as well. The rest of the team for the Badgers followed suit as junior Lauryn Gillis, junior Kelli Bates and sophomore Tionna Williams all contributed to finish off the Scarlet Knights.As if Wisconsin needed any help on the other side of the court, the defense had an equally impressive day, holding Rutgers to a season opponent-low .013 hitting percentage at the end of the game. The match was as balanced as the Badgers could have asked for and proved this 2016 squad is truly in midseason form.A headline that might have been overshadowed by the brevity of the game was Gillis’s return, the player who spent almost a month nursing an ankle sprain that she suffered in Wisconsin’s only loss of the season at then-No. 11 North Carolina. The experienced outside hitter adds an incredible amount of depth to a team already taking major strides toward championship goals.Volleyball: Wisconsin players battle through injuries to continue winningThe University of Wisconsin women’s volleyball team continued their winning ways this weekend with a pair of road victories over Read…With most of the major parts back in place, the potential is endless for a perfect 5-0 Badgers squad tied for first in the Big Ten with five top 20 wins and the No. 2 overall ranking. Despite the success, there is still no room to rest with a matchup against No. 1 University of Minnesota only five days away.Wisconsin returns home for another tough in-conference battle against No. 24 University of Illinois Saturday at 7:30 p.m. Coverage of the game airs live on BTN.last_img read more