Australia Q2 housing finance
Investor loan value (q/q): +1.4% (prev -0.3%)
Owner-occupier loan value (q/q): +2.4% (prev -2.5%)
Total home loans value (q/q): +2.0% (est +2.0%, prev -1.6%)
Stronger Q2 housing finance data in Australia
with both investor and owner-occupier lending turning positive after prior declines points to a rebound in mortgage demandThe lift in total home loans, matching expectations at +2.0% q/q, may temper expectations for aggressive RBA easing, at the margin, as housing activity shows signs of recovery. I suspect this won't have too much RBA impact though.
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