Economic Buzz: Australia Home Loans Drops 3.3% In June

2 Aug 2022 , 12:23 PM

The total value of owner-occupied home loans in Australia was down a seasonally adjusted 3.3 percent on month in June, the Australian Bureau of Statistics said – coming in at A$20.50 billion. Investment lending fell 6.3 percent on month to A$10.48 billion, while overall home loans sank 4.4 percent on month to A$30.97 billion. On a yearly basis, owner-occupied home loans shed 9.6 percent and investment lending jumped 17.3 percent, so total home loans dipped 2.0 percent.Powered by Commodity Insights