<p>Rising interest rates in Australia are weighing on the housing sector. Prices down, construction activity slower, and loans down also. </p><p>Home loans -2.7% m/m</p><ul><li>expected -2.0%; prev -8.2%</li></ul><p>Owner Occupier -2.9% m/m</p><ul><li>expected -4.5%, prior -9.3%</li></ul><p>Investor Loan Value -2.2% m/m</p><ul><li>prior -6.0%</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
