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MNI Australia Housing Finance Dn; Trend Negative For 9 Months 

By Sophia Rodrigues
     SYDNEY (MNI) - The number of owner-occupier home loans fell in June, giving
back the entire gains recorded in May and keeping the trend in negative rose for
the ninth month in a row.
     Data published by the Australian Bureau of Statistics Wednesday showed the
number of owner-occupier mortgages fell 1.1% m/m in June, following a 1.0% rise
in May. In the last seven months, the number of owner-occupier loans have risen
just once.
     In trend terms, the number of loans fell 0.5% m/m in June, a small
improvement from a 0.7% fall in May and the slowest pace of decline since
October last year. 
     In value terms, mortgages for both owner-occupier housing rose and
investment housing fell in June. Loans for investment housing fell at a faster
pace in June and was down four straight months.
     From Housing Finance data for June published by the Australian Bureau of
Statistics on Wednesday:
                                                    June                     May
--------------------------------------------------------------------------------
                                      (M/M %, seasonally      (M/M %, seasonally
                                               adjusted)               adjusted)
Number of Owner-Occupied Dwelling                             +1.0 (revised from
Commitments                                         -1.1                   +1.1)
MNI Median Consensus                                +0.2
-Construction of Dwellings                          +2.5                    +1.9
-Purchase of New Dwellings                          -4.9                     0.0
-Purchase of Established
Dwellings                                           -1.3                    +0.9
Value of Dwelling Commitments                       -1.6                    +0.4
-Owner occupied housing                             -1.0                    +0.7
-Investment housing                                 -2.7                    -0.1
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]
Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandRegion
Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandRegion
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