Australia August housing finance data
Home loans +2.9% m/m
- expected +4.7%, prior was -0.3%, revised from +0.3%
Investment lending -0.4% m/m
- prior was -0.3%, revised from +0.5%
Owner-occupied loan value +6.1% m/m
- prior was +1.7%, revised from +2.2%
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Hey! Quit tapping your AUD/USD chart screen ... yes, it is on ... and, no there is barely any currency response
Quick response from the Twittersphere ...
- So Aus inv lending down but 'curiously' owner occupier up... All about reclassification to get cheaper loans.
(that's via @MrMacroMarkets ... its a locked account so you'll have to request a follow if you want to - highly recommended - say G'day from ES at ForexLive if you're requesting a follow)
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Anyway ...
'Home Loan' headline in below expectations but ahead of last month, and the trend (see graphs, above) is positive.
