Australian housing finance for October:
Home loans: +0.3% m/m
- expected +0.1%, prior was -0.7%
Investment lending: +1.0% m/m
- prior was +3.7%
Owner-occupied loan value: +1.0% m/m
- prior was +1.4%
- The October data show a new record high proportion of 50.8% of all new loans (excluding refinances) to investors
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Earlier: Australia – APRA confirms backpedalling on macropru tools – the impact could hasten rate rises
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The AUD has shown very limited reaction to the higher than expected result. We await the China CPI and PPI now.
