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Australia Oct Housing New Loan Commitments +5.4%

AUSTRALIA DATA
MNI (Singapore)

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

  • rose 5.4% for housing to $26.7b, after a rise of 1.5% in September. It was 4.9% higher compared to a year ago.
  • rose 2.1% for personal fixed term loans, after a rise of 3.0% in September.
  • rose 1.2% for business construction (a typically volatile series) and rose 0.3% in trend terms
  • fell 4.7% for business purchase of property (a typically volatile series) but rose 0.9% in trend terms

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