Housing finance falls 1% in July

Demand for home loans fell 1% in July, missing analyst expectations, according to the Australian Bureau of Statistics.

ABS data showed the number of home loans granted in July fell to 44,804, down from 45,278 in June.

Analysts were expecting housing finance to remain unchanged in the month.

Total housing finance by value fell by 1.8%, seasonally adjusted, to $20.05 billion.

This article was first published on LeadingCompany’s sister site, SmartCompany.