Housing finance data for December
Home loans +0.4% m/m,
- expected is +1.0%, prior was +0.9%
Investment lending -1.0% m/m,
- prior +4.9%
- ps. View this decline in investor lending against the strength in the few prior months. The RBA will be happy with the fall, sure, but at this stage it is just one month so they'll want to see more of the same
Owner-occupied loan value +1.3% m/m,
- prior +0.4%