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Posts sent on: 2013-10-22

Oct222013

Australia June Home Loans ? All The Data








Australian Dollar Gains, Home Loan Approvals Fall






expected of 2.0%, and prior of 1.7%, revised from 1.8%) Investment Lending for June -0.5%m/m (vs. prior of 1.1%, revised from 1.5%) Owner-Occupier Loan Value for June 2.1%m/m (vs. priorof 2.2%, revised from 2.3%) The RBA are looking for a transition from mining investment to other http://awkwas.babybloggo.de/ sectors of the economy, like housing construction. This data is a bit of a mixed bag, the headline figure is better AUD/USD showing little response, though. - From the ABS report: the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 15.1% in June 2013 from 14.6% in May 2013. n trend terms, the number of commitments for the purchase of established dwellings rose 2.1%, the number of commitments for the purchase of new dwellings rose 1.8% and the number of commitments for the construction of dwellings rose 0.9% The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.2%. Owner occupied housing commitments rose 1.5% and investment housing commitments rose 0.7%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.2%.
For the original version including any supplementary images or video, visit http://www.forexlive.com/blog/2013/08/07/australia-june-home-loans-all-the-data/







Australian Home Loan Approvals Beat Expectations, AUD/USD Lower






Money supply growth slowed to 14.2% and the broadest measure of credit aggregate financing decreased from a year ago to 1.4 trillion yen. The ASX 200 index decreased 23 cents or 0.4% to close at 5,207.90 and All Ordinaries index declined 22.3 or 0.4% to 5,206.05. In trading, 470 million shares changed hands worth $2.6 billion. Australian dollar strengthened to 94.70 U.S. cents. On the domestic front, home loans approved in August fell seasonally adjusted 3.9% to 49,912 and total financing declined 1.2% to $23.8 billion. Stocks in Review BHP Billiton declined 11 cents to $35.02, Rio Tinto fell 6 cents to $61.65 and OZ Minerals dropped 29 cents to $4.11.
For the original version including any supplementary images or video, visit http://www.123jump.com/australia/market-update/Australian-Dollar-Gains,-Home-Loan-Approvals-Fall/54231/










Markets open in 3 hrs 7 mins Australian Home Loan Approvals Beat Expectations, AUD/USD Lower By Jimmy Yang | DailyFX Tue, Aug 6, 2013 10:00 PM EDT 0.9671 +0.0016 THE TAKEAWAY: Australian home loan approvals increase in June while investment lending declines > Market likely waiting for more data this week > AUD/USD Lower The Australian Dollar traded lower against the US Dollar as data showed increased demand for housing in Australia. Home loan approvals grew 2.7 percent month-over-month in June, up from May s revised-down 1.7 percent, to beat expectations for growth of 2.0 percent. The value of these loans also grew 2.1 percent as hinted by rising house prices . However, investment lending declined the first time this year with a reading of -0.5 percent. This joins yesterdays construction data release in offering the first snapshots of the Australian economy after the Reserve Bank of Australia lowered its benchmark interest rate from 2.75 to 2.5 percent . Although these data report on a time period before the centrals banks decision, they offer investors guidance on their expectations for future policy. At the meeting, the RBA maintained its outlook for a sluggish economy but removed rhetoric pointing to inflation in supporting scope for further easing. As such, investors will likely look towards domestic as well as overseas developments in its largest trading partner and to gauge the health of the Australian economy and guide their speculations for RBA policy.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/australian-home-loan-approvals-beat-020000860.html




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