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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
The value of finance for housing rose strongly in October but the level remains lower than the start of last year. The total increased 5.6% m/m with the annual rate rising +4.9% up from -4%, the highest since March 2022 which was before the RBA began tightening. Strength was in both the value of owner occupier and investor segments, posting 5.6% m/m and 5% increases respectively.
- The value of owner-occupier loans is now up 1.4% y/y due to increased housing demand and prices but remain 24% below the start of last year. The number rose 2.8% m/m.
- The value of loans to first time home buyers rose 6.2% m/m and 11.8% y/y and the number rose 5.1% m/m. The ABS notes that the average loan size rose 0.3% m/m less than for all owner occupiers at +2.1%.
- Refis continued to trend lower with the number falling 12.4% m/m down 37.2% from its July 2023 peak.
- Personal finance loan values rose 2.1% m/m due to a 1.5% increase for vehicles.
Australia value of home loans A$mn
Source: MNI - Market News International/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.
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