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MNI ANALYSIS: Australia Mortgage Growth...>

AUSTRALIA
AUSTRALIA: MNI ANALYSIS: Australia Mortgage Growth Slows To 4.5-Yr Low
- Australia's annual housing credit growth slowed in July to the lowest rate
since December 2013 as the slowing in owner-occupier mortgages came on top of a
significant drop in the pace of investor mortgage growth. The data shows the
housing market continues to slow and there is a risk the pace could accelerate
following the out-of-cycle mortgage rate hike announced by Westpac earlier this
week which is expected to be followed by the other big banks.
- For full piece see MNI Main Wire 02:57 BST 08/31 or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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