Australia May Home loans: -6.1% m/m (expected -3.0%)

Australia Housing finance for May

Home loans -6.1% m/m,

• expected -3.0%, prior was +1.0%

Investment lending -3.2 % m/m,

• prior was +2.6%

Owner-occupied loan value -5.3 % m/m,

• prior was +3.1%

A little bit of the steam coming out of the housing market

more to come