Housing finance down sharply in July

Friday, 9 September 2016

Today’s housing finance data for July, released by the Australian Bureau of Statistics (ABS), posted a large seasonally adjusted fall in overall housing finance commitments, with the trend in mortgage growth also continuing to weaken.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by a seasonally adjusted 6.1% over the month and was 2.7% lower over the year:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.