- Analytics
- News and Tools
- Market News
- Mortgage loans in Australia declined in May
Mortgage loans in Australia declined in May
In May, the number of mortgage loans in Australia fell 1.0%, while analysts expected a 2.0% decline. April was revised from 1.7% to 1.4%.
Report on mortgages, published by the Australian Bureau of Statistics, traces the development trend in the housing market in Australia, and the level of consumer confidence, as large loans to purchase real estate is not taken into account. It is known that the decline is a negative factor for the Australian currency. Australian dollar slightly reacted to the publication of this index, though it remained under pressure from the start of trading.
Investment lending increased in May by 3.9% after a 4.3% decline in April. Previous value was also revised from -5.0%
Private loans have decreased 0.6% in May, after declining 0.2% in April.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
