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- Mortgage loans in Australia below expectations in June
Mortgage loans in Australia below expectations in June
The number of mortgage loans in Australia increased by 1.2% in June, below economists' forecast of 2.3%. The value from May was revised from -1% to -0.8%
Report on mortgages, published by the Australian Bureau of Statistics shows the number of approved housing loans. It also traces the development trend in the housing market in Australia, and the level of consumer confidence, as large loans to purchase real estate are not taken into account. The high value of the index is a positive factor for the Australian currency.
Also, the Australian Bureau of Statistics reported that the volume of approved home loans linked to investments, increased by 3.2% compared to May, when the growth was recorded at 3.9%.
The Australian Bureau of Statistics report shows that the growth of investment loans remained stable at the level of 0.3-0.4% per month, so a bit limited, but not slowing further.
Today's data suggest that financing flows in the housing market continues.
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