Australia's home loans miss estimates in January

FXStreet (Bali) - Australia's home loans came in at -3.5% for January, below forecasts of -2%, while investment lending for homes stood at -0.1% vs previous 6%.

January key figures

VALUE OF DWELLING COMMITMENTS: January 2015 compared with December 2014: The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.8%. Investment housing commitments rose 1.0% and owner occupied housing commitments rose 0.8%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.6%.

NUMBER OF DWELLING COMMITMENTS: January 2015 compared with December 2014: In trend terms, the number of commitments for owner occupied housing finance fell 0.1% in January 2015. In trend terms, the number of commitments for the purchase of new dwellings fell 1.9% and the number of commitments for the construction of dwellings fell 1.0%, while the number of commitments for the purchase of established dwellings rose 0.2%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.2% in January 2015 from 14.3% in December 2014.

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