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Australia Total Housing New Loan Commitments -2.7% in Oct

AUSTRALIA DATA
MNI (Singapore)
  • Australia new loan commitments fell 2.7% for housing in October, after a revised fall of 4.4% in September. It was 17.1% lower compared to a year ago.
  • New loan commitments fell 0.5% for personal fixed term loans, after a revised fall of 0.2% in September
  • The value of new loan commitments rose 58.3% for business construction (a typically volatile series) and rose 0.1% in trend terms.
  • The value of new loan commitments fell 3.8% for business purchase of property (a typically volatile series) and fell 1.4% in trend terms.

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