Monday, a report released by the Australian Bureau of Statistics said housing finance for owner occupation, which excludes alterations and additions, dropped a seasonally adjusted 1.7% month-on-month in July. Owner occupied housing commitments decreased to A$16.88 billion from A$17.18 billion in the preceding month.
At the same time, personal finance fell 0.8% to A$6.85 billion and commercial finance decreased 1% to A$25.86 billion. However, lease finance rose 30% to A$436 million, all in seasonally adjusted terms.
For comments and feedback: editorial@rttnews.com