Australian home loan commitments increased 1.3 percent month-on-month to 46,859 in June, the Australian Bureau of Statistics said Wednesday.
The rate of growth was weaker than the 2 percent increase expected by economists.
The value of home loans for owner-occupied homes rose 1.2 percent to A$13.8 billion. The value of loans for investment homes was up 4.9 percent to A$6.9 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.