Home loan approvals fell 2.1% in August

12 October 2018 10:25 Australia Desk

Home loan approvals fell 2.1% in August.

The number of home loan approvals for owner occupiers fell 2.1 per cent in August, surpassing market expectations of a 1.4 per cent fall.

The value of total housing finance was down 2.1 per cent at $30.667 billion for the month, seasonally adjusted data from the Australian Bureau of Statistics shows.

The value of new home loan approvals for owner-occupiers was down 2.7 per cent, while the value of investor loans was down 1.1 per cent.

The Australian dollar was unmoved by the data's release, trading at 71.27 US cents at 1135 AEST.

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