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In May, the number of mortgage loans in Australia fell 1.0%, while analysts expected a 2.0% decline. April was revised from 1.7% to 1.4%.
Report on mortgages, published by the Australian Bureau of Statistics, traces the development trend in the housing market in Australia, and the level of consumer confidence, as large loans to purchase real estate is not taken into account. It is known that the decline is a negative factor for the Australian currency. Australian dollar slightly reacted to the publication of this index, though it remained under pressure from the start of trading.
Investment lending increased in May by 3.9% after a 4.3% decline in April. Previous value was also revised from -5.0%
Private loans have decreased 0.6% in May, after declining 0.2% in April.
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