Economic Buzz: Australia Home Loans Fall 2.7% On Month In August

4 Oct 2022 , 11:49 AM

The total value of owner-occupied home loans in Australia was down a seasonally adjusted 2.7 percent on month in August, the Australian Bureau of Statistics said on Tuesday, coming in at A$18.54 billion. Investment lending sank 4.8 percent on month at A$8.85 billion after dropped 11.2 percent in the previous month. Overall housing loans were down 3.4 percent on month at A$27.39 billion. On a yearly basis, owner-occupied loans were down 15.1 percent, investment lending fell 6.4 percent and overall loans dropped 12.5 percent.Powered by Commodity Insights