Australian housing finance data for October slows again – higher rates weighing

Rising interest rates in Australia are weighing on the housing sector. Prices down, construction activity slower, and loans down also.

Home loans -2.7% m/m

• expected -2.0%; prev -8.2%

Owner Occupier -2.9% m/m

• expected -4.5%, prior -9.3%

Investor Loan Value -2.2% m/m