Australian March housing finance data: Headline home loans +5.5% m/m
Home loans +5.5% m/m vs. -0.3% m/m in February
Owner occupied loan value rose 3.3% m/m
- prior -1.8%
Investment loans value jumped 12.7% m/m, their largest rise since July 2003
- prior +4.5%
House prices have been ripping higher. Financing for first homes fell;l 3.1% in the month of March as these folks face steep price hikes.