Briefs: June quarter credit flow surprise, LJ Hooker partners with Brighten

Publication Date: Wednesday, 09 September 2020
This article originally appeared in Banking Day

Credit flows to households were surprisingly robust during the June quarter, APRA’s quarterly ADI property exposures statistics suggest. New housing loans funded were A$112 billion during the quarter, up from $95 billion in March. Loans refinanced climbed $12 billion to $35 billion over the June 2020 quarter, while loans handled by third-party originators increased $11 billion to $59 billion.
LJ Hooker Home Loans has signed up Brighten Home Loans as a funder for its white label program. LJ Hooker Home loans operates through 26 franchisees and has a loan book worth A$4 billion.

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