Preview of the Australian data due today - housing finance for July

Home loans data for Australia in July coming up Friday 7 September, due at 0130GMT

• Home loans expected -0.1% m/m, prior -1.1%
• Investment lending -2.7% previously
• Owner-occupier loan value prior -1.0%

Earlier preview here: A heads up preview for Australian housing finance data due Friday

Via ANZ;

• We think the number of owner-occupier housing finance commitments rose slightly in July, although this will not quite offset the previous month's fall. Even with a mild rise in the month, the annual decline in finance numbers will be the sharpest since 2010. Further ahead, we think further weakness in commitments is in store, given ongoing softness in auction results and price declines across Sydney and Melbourne.