Australian housing finance data for October slows again - higher rates weighing<p>Rising interest rates in Australia are weighing on the housing sector. Prices down, construction activity slower, and loans down also. </p><p>Home loans -2.7% m/m</p><ul><li>expected -2.0%; prev -8.2%</li></ul><p>Owner Occupier -2.9% m/m</p><ul><li>expected -4.5%, prior -9.3%</li></ul><p>Investor Loan Value -2.2% m/m</p><ul><li>prior -6.0%</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Australian housing finance data for October slows again - higher rates weighing (https://forexlive.com/news/australian-housing-finance-data-for-october-slows-again-higher-rates-weighing-20221202/https://forexlive.com/news/australian-housing-finance-data-for-october-slows-again-higher-rates-weighing-20221202/)
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