- Australian home loans rose 1% in May, less than expected
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Australian home loans rose 1% in May, less than expected
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.3%. Owner occupied housing commitments rose 0.4%, while investment housing commitments fell 1.5%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.3%.
In trend terms, the number of commitments for owner occupied housing finance fell 0.4% in May 2017.
In trend terms, while the number of commitments for the construction of dwellings rose 1.0% and the number of commitments for the purchase of new dwellings rose 0.4%, the number of commitments for the purchase of established dwellings fell 0.6%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 14.0% in May 2017 from 13.8% in April 2017.
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