Australian Housing Finance Up 0.2% In June

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Australia’s housing industry is still growing.

After a flat month in May, the total number of owner-occupied housing loans in June rose 0.2% (seasonally adjusted), according to the Australian Bureau of Statistics.

The number was slightly below expectations of 0.5%.

There were 52,153 owner-occupied housing housing commitments in June.

And owner-occupied finance was up 1.8% to $17.07 billion but investment loans were down 0.3% to $10.678 billion.

Overall, total dwelling finance was up 1% to $27.748 billion.

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