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Australia Nov Housing New Loan Commitments +1.0%

AUSTRALIA DATA
MNI (Singapore)

In November 2023, new loan commitments (seasonally adjusted):

  • rose 1.0% to $27.6b for housing, after a rise of 7.1% in October. It was 13.1% higher compared to a year ago.
  • fell 5.6% for personal fixed term loans, after a rise of 2.6% in October.
  • fell 4.8% for business construction (a typically volatile series) after a rise of 1.2% in October and rose 0.6% in trend terms.
  • fell 6.4% for business purchase of property (a typically volatile series) after a fall of 3.7% in October but was flat in trend terms

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