Free Trial
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.
AUSTRALIA DATA
Dwelling lending has come off of its recent peaks, but is still robust and along with today’s solid approvals for new houses shows that the property sector has not yet weakened significantly since the monetary tightening cycle began in May.
- The value of August new home loans fell 3.4% m/m, which was slightly softer than expected but not as weak as in July (-8.5%). New investor loans were down 4.8% and owner-occupier -2.7%.
- August was the third consecutive fall for all three series but the ABS noted that even with lending down more recently it remains elevated. Owner-occupier lending stands 36% above February 2020 (pre-Covid) and investor lending 70% higher.
Levels of new lending for housing
Source: MNI - Market News, ABS
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok