Tracks developments in the number and value of outstanding home loans in Australia . Home Loans are a measure of activity in the housing market. The figure, also know as Owner Occupied Housing Loans, acts as a gauge for consumer confidence, since consumers usually take out large loans only when they have sufficient saving or believe they will be able to pay them back in the future.

The sales of a new home usually trigger a sequence of consumption. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing and customizing their home. Consequently, g rowth in the housing market spurs more consumption, generating demand for goods, services and the employees to provide them. Thus a n increase in loans may forecasts growth in the economy.

The headline figure is the percentage change in the value of outstanding loans from the previous month.

Relevance : Rarely affects markets
Release Schedule : 1:30 (GMT); monthly, first week of every month
Source of Report : Australian Bureau of Statistics
Web Address : http://abs.gov.au/
Address of Release : http://www.abs.gov.au/ausstats/abs%40.nsf/mf/5609.0
Refer > Under number of dwelling commitments > Owner Occupied Housing
AKA: Owner Occupied Housing Loans