Housing finance data from Australia for January 2023.
- loans for purchase and construction of a new home in Australia hit a 14-year low during the month
owner-occupier loan commitments -4.9% m/m
- expected -3.5%, prior -4.2%
investor loan commitments -6%
- prior -4.4%
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Borrowers ratcheting down their demand for loans still as rates rise.
