Australia Home loans (December): -6.1% m/m (vs. expected -2.0%)

Housing finance data to finalise the numbers for a less than stellar year for the sector

Home loans-6.1 % m/m, a big miss but the data has been weak for months and months so not a big shock

• expected -2.0%, prior -0.9%

Investment lending % m/m

• prior -4.5%

Owner occupied lending -5.3 % m/m ….. ugly indeed

• -1.4%

--

For background:

• Australian housing finance approvals have been weakening - preview