+4.4% m/m (expected +3.5% and prior was -3.9%)
- Investment lending +5.2% m/m (vs. prior flat at 0.0% change in August)
- Owner-occupied loan value: +5.3% m/m (prior was -1.9% m/m)
- Gains in NSW +2.3%mth (+9.1%yr)
- Vic +4.7%mth (+17.4%yr) – Note: First home buyer activity was particularly weak in Victoria, with purchases pulled forward earlier to take advantage of changes to state government assistance.
- Qld +3.1%mth (+10.9%yr).
Note also that the state government of a smaller Australian state, Tasmania, has announced it will double the first home buyers grant to $30,000
–
Very little response from the AUD to the data
