Blown out
Almost half of all loans are being rejected...and those that are approved are taking two months of scrutiny.
And the HIA is having a full blown fit of conniptions:
Source: HIA
Had a pre-approved client loan fall over yesterday, in fact.
It's sorely tempting to post a copy of the bank's rejection letter as the stated reason was beyond absurd, but s'pose I'd better observe a self-imposed statutory cooling off period. Far out.
In the selling agent's words: 'Have the banks lost their minds?' (possibly with a choice adjective woven in).
A: Quite possibly.
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The final Labour Force release of the year today for the month of November 2018, and here's your preview!
Looking at the composition of the sample rotation groups there's higher than usual chance of an ordinary figure for headline employment but a surprisingly low unemployment print - which might leave everyone feeling a tad confused heading into 2019.
More details after 11.30 AEDT.
