Australia-HIA New Home Sales for September: -4% m/m (prior +2.3%)

Housing Industry Association (HIA) New Home Sales for September

Down 4% m/m

• prior +2.3% m/m

HIA cite "increasingly restrictive credit conditions are likely to curtail the boom in new home building".

Yes, really. I think HIA is stretching a bit with rates at decades lows, but there you go.

They'll be referring to tighter lending standards for 'investors' and perhaps also to the shading higher in mortgage rates from Australia's big 4 banks in the past 2 weeks.