Australian housing finance for September
Home loans +2.0 m/m,
- expected is flat at 0.0% change, prior was +1.5%, revised from +2.9%
Investment lending -8.5% m/m,
- prior was -0.1%, revised from -0.4%
Owner-occupied loan value +3.0% m/m,
- prior was +4.3%, revised from +6.1%
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First take on these is that the RBA will not be unhappy with the headline gain, and will also not be unhappy with the moderation in investment lending, which has been an input accelerating the very rapid price gains in the Sydney and Melbourne markets.
more to come
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Out at the same time: Australia - NAB Business Conditions (October): 9 & Business Confidence 2
