Economic Buzz: Australia Home Loans Fall 9.3% In September

2 Nov 2022 , 10:42 AM

The total value of owner-occupied home loans in Australia was down a seasonally adjusted 9.3 percent on month in September, the Australian Bureau of Statistics said on Wednesday – standing at A$16.81 billion. Investment lending was down 6.0 percent on month at A$8.33 billion after slipping 4.8 percent in the previous month. Overall loans dropped 8.2 percent on month to A$25.14 billion. On a yearly basis, overall loans sank 18.5 percent, owner-occupied home loans dropped 19.9 percent and investment lending declined 15.3 percent.Powered by Commodity Insights