A preview for the housing finance (home loans, investor lending) data

Earlier data this week showed further softening in the important building sector of the Australian economy

On Friday in Australia (less than 24 hours from now) we'll get housing finance data

An early what to expect, this via ANZ:

  • We think the number of owner-occupier housing finance commitments fell again in September. If our -0.8% m/m forecast is realised, monthly approvals will fall to the lowest level since September 2014. It is also likely that the value of lending will fall materially. Ongoing credit tightening means that these figures are likely to remain weak for some time.