Free Trial

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
72 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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