Market news
10.08.2016, 06:37

Mortgage loans in Australia below expectations in June

The number of mortgage loans in Australia increased by 1.2% in June, below economists' forecast of 2.3%. The value from May was revised from -1% to -0.8%

Report on mortgages, published by the Australian Bureau of Statistics shows the number of approved housing loans. It also traces the development trend in the housing market in Australia, and the level of consumer confidence, as large loans to purchase real estate are not taken into account. The high value of the index is a positive factor for the Australian currency.

Also, the Australian Bureau of Statistics reported that the volume of approved home loans linked to investments, increased by 3.2% compared to May, when the growth was recorded at 3.9%.

The Australian Bureau of Statistics report shows that the growth of investment loans remained stable at the level of 0.3-0.4% per month, so a bit limited, but not slowing further.

Today's data suggest that financing flows in the housing market continues.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location