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- Australian home loan rose more than expected in May
Australian home loan rose more than expected in May
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.7%. Owner occupied housing commitments fell 0.2% and investment housing commitments fell 1.9%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.5%.
May 2018 compared with April 2018:
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In trend terms, the number of commitments for owner occupied housing finance fell 0.7% in May 2018.
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In trend terms, the number of commitments for the construction of dwellings fell 1.5%, the number of commitments for the purchase of new dwellings fell 0.9% and the number of commitments for the purchase of established dwellings fell 0.6%.
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In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments was unchanged at 17.6% in May 2018.
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