Australia Home loans for July: +0.4% m/m (expected -0.1% )

Author: Eamonn Sheridan | Category: News

Housing finance data from Australia

  • Home loans +0.4% m/m,  expected -0.1% m/m, prior -1.1%
  • Investment lending -1.3% m/m,  -2.7% previously
  • Owner-occupier loan value +1.3%,  prior -1.0%
A headline beat and the split between owner occupiers and investors will be welcome news also. Still, not too much of an AUD mover.

There are a lot of concerns around the housing markets; prices have slid a little, lending standards have tightened. The concern is a worsening house price fall and a negative impact on spending and hence the economy. The worries might be all overblown, we'll see. 

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