Track AU Home Loans m/m to gauge housing market demand. Key indicator discontinued in Nov 2019.
This is a key indicator of demand in the housing sector, as most homes are purchased with financing. It serves as a strong measure of the number of qualified buyers entering the market. However, this data source ceased providing updates in November 2019.
What it Measures
This metric tracks the change in the number of new loans issued for owner-occupied residences.
Usual Effect
'Actual' results that exceed 'Forecast' are favorable for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Data is released on a monthly basis, approximately 40 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
Dwelling Finance Commitments
Acronym
N/A