Australia August Housing Finance For Owner Occupation Declines

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Monday, a report released by the Australian Bureau of Statistics said housing finance for owner occupation, which excludes alterations and additions, dropped a seasonally adjusted 1.7% month-on-month in August. Owner occupied housing commitments decreased to A$16.54 billion from A$16.83 billion in the preceding month.

At the same time, personal finance rose 4.1% to A$7.18 billion, and commercial finance increased 5.6% to A$28.51 billion. However, lease finance fell 9.4% to A$398 million, all in seasonally adjusted terms.

Monday, a report released by the Australian Bureau of Statistics said housing finance for owner occupation, which excludes alterations and additions, dropped a seasonally adjusted 1.7% month-on-month in August. Owner occupied housing commitments decreased to A$16.54 billion from A$16.83 billion in the preceding month. (Market News Provided by RTTNews)