Australia: July home loans print +0.4%/m - TDS
|Analysts at TD Securities note that Australia’s July home loans came at +0.4%/m for once reflecting the ABA Banker's survey, and so surpassing market expectations (TD flat, mkt -0.1%).
Key Quotes
“The post-macro prudential tool trend continues, with investment lending -1.3%/m but owner-occupiers +1.3%/m. Affordability is improving and bringing back price-conscious buyers, hence why finance can increase while prices ease.”
“We are still waiting on the final major bank to lift its LVR rate. If NAB hike +15bps their published SVR rate will be the highest of the majors. Hence, TD leans towards +14bps (or less). A surprise now would be no move.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.