Australian Housing Loans Unchanged In May



The number home loans in Australia remained unchanged in May, figures from the Australian Bureau of Statistics showed Friday. The total number of home loans for owner occupied housing came in at a seasonally adjusted 52,092 in May, remaining roughly unchanged month-over-month. Previously, the figure had declined a revised 0.2 percent in April. This was higher than the consensus estimate for a 0.5 percent decline in home loans. The value of loans for owner occupied housing declined 0.7 percent month-on-month in May, following the 1.3 percent increase in April. The value of total dwelling loans dropped 0.8 percent and the value of investment housing loans fell 0.9 percent in May.

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