After a series of Reserve Bank of Australia rate hikes its hardly a surprise that home loans are adjusting lower.
housing loans -4.3% m/m (expected -3.0% prior -4.2%)
- y/y is -29.3%
loans to owner occup[ires -4.2% m/m (expected -2.8%, prior -3.8%)
- y/y is -29.8%
loans to investors -4.4% m/m (prior -3.6%)
- y/y is -28.3%
Lending is still well above pre-pandemic levels:
