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Australian Home Loans up by 1.6%

Thursday, Nov 10 2016
Australian Home Loans up by 1.6%

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 1.3%, while owner occupied housing commitments fell 0.5%. In seasonally adjusted terms, the total value of dwelling finance commitments, excluding alterations and additions rose 2.3%. In seasonally adjusted terms home loans were up by 1.6%. In trend terms, the number of commitments for owner occupied housing finance fell 1.0% in September 2016.

In trend terms, the number of commitments for the purchase of established dwellings fell 1.1%, the number of commitments for the construction of dwellings fell 0.4%, while the number of commitments for the purchase of new dwellings was flat. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.1% in September 2016, from 13.2% in August 2016.

 

Aussie is currently being traded 0.76 handle. Pair is likely to find support around 0.7550 area and resistance above 0.7650 level.

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