Australian housing finance data for July

Home loans up 2.9% m/m, a beat
  • expected 1.0%, prior was 1.2% revised from 0.5%
Investment lending down 3.9% m/m … the RBA will see this as showing policies to limit investor borrowing working
  • prior was 2.3%, revised from 1.6%
Owner-occupied loan value up 0.9% m/m … renewed efforts on first home buyer grants will be helping this along
  • prior was 0.6%, revised from 0.3%



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