Demand for home loans fell 1% in July, missing analyst expectations, according to the Australian Bureau of Statistics.
ABS data showed the number of home loans granted in July fell to 44,804, down from 45,278 in June.
Analysts were expecting housing finance to remain unchanged in the month.
Total housing finance by value fell by 1.8%, seasonally adjusted, to $20.05 billion.
This article was first published on LeadingCompany’s sister site, SmartCompany.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.