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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.