Australian Home Loans decreased by 0.9%

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Wednesday, May 11 2016

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions was flat. In seasonally adjusted terms home loans fell by 0.9%, beating forecasts on 1.4% decrease. Investment housing commitments rose 1.1% while owner occupied housing commitments fell 0.7%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.2%. In trend terms, the number of commitments for owner occupied housing finance fell 0.2% in March 2016.

In trend terms, the number of commitments for the purchase of new dwellings fell 3.3%, the number of commitments for the construction of dwellings fell 0.9%, while the number of commitments for the purchase of established dwellings rose 0.1%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.2% in March 2016 from 14.6% in February 2016.

Aussie is currently being traded around 0.7370 area. Pair is likely to find support around 0.73 handle and resistance above 0.7430 level. There will be no data releases later today.

More in this category: « JOLTS Job Openings at 5.8 million in March UK Industrial Production increased by 0.3% »

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