A post by @FirstSquawk on X.
Australia Owner-Occupier Loan Value (Q/Q): -5.3% (prev -1.9%)
@FirstSquawk on X
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Australia’s owner-occupier loan value fell 5.3% quarter-on-quarter, deepening from a 1.9% decline in the prior period, according to First Squawk. The sharper contraction signals weaker demand for home lending among owner-occupiers, a key segment of the housing credit market. The result matters because housing credit is a major transmission channel for interest-rate-sensitive household activity. Watch next for whether the decline extends into investor lending and broader housing finance data.
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Australia