Australian home loans data for April

Home Loans for April

• Investment Lending -2.2% (vs. expected 1.0%, prior -2.7%)
• Owner-occupied +1.0% (vs. expected 0.0%, prior -3.4%)

ABS comment:

"New lending commitments for dwellings edged up a modest 0.2 per cent from March to April, with a rise in lending for owner occupier dwellings (1.0 per cent) mostly offset by another fall in lending for investment dwellings (down 2.2 per cent)."