ONLY CHARTS #163

Aus housing finance, Aus public vs private jobs growth, Aus labour costs, Aus labour productivity, Aus mortgage rates, NZ building activity

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1. The value of new housing loan commitments (ex refinancing) in Australia in July rose a strong 3.9% m/m, led by a 5.4% m/m increase in investor housing loans.

2. The number of owner-occupier housing loan commitments in July also increased, with purchases of existing and new dwellings both up more than 3% m/m. The number of owner-occupier housing construction loans fell 3.7% m/m but was 15.2% higher over the year.