Australian Home Loans fell by 0.5%

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Monday, Apr 10 2017

Australian Home Loans fell by 0.5%

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.4%. In seasonally adjusted terms home loans fell by 0.5%. Investment housing commitments rose 0.7% and owner occupied housing commitments rose 0.2%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 2.7%.

In trend terms, the number of commitments for owner occupied housing finance rose 0.3% in February 2017. In trend terms, the number of commitments for the purchase of established dwellings rose 0.4%, while the number of commitments for the construction of dwellings fell 0.1% and the number of commitments for the purchase of new dwellings was flat.

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