Coming up at 0130GMT from Australia, Housing finance data for February

  • Home loans expected -0.4% m/m, prior -1.1%
  • Investment lending prior +1.1%
  • Owner occupier lending, prior +0.5% m/m

Preview via ANZ:

  • We believe the number of owner-occupier housing finance commitments fell further in February, albeit only marginally. This would reflect the third monthly decline in succession, in line with weaker housing price growth and auction results settling at levels well below their peak.
  • Within the details we will be watching finance for the construction or purchase of new dwellings. Another soft result would suggest that the trend increase in building approvals may soon run out of steam