Australia February Home loans: +0.8% m/m(vs. expected 0.5%)

Australia housing finance for February

Home loans +0.8% m/m

• expected 0.5%, prior was -1.2%

Owner-occupied loan value +3.4%

• expected 1.0% m/m, prior was -1.3%

Investment lending +0.9%

• expected -1.0% m/m, prior was -4.1%

A suite of beats for this data. Given property market doldrums this will be welcome. It won't turn the ship around, but some relief.

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For background:

• Australian Housing finance data for February due 9 April 2019, preview