Australia’s Home Loans Fall by Record After Rapid RBA Rate Hikes

🇦🇺 Bloomberg (AU) —

AI Summary

Australian home loans fell by a record amount in the third quarter as rapid interest-rate increases by the Reserve Bank of Australia weakened borrowing demand. The decline highlights the effects of monetary tightening aimed at controlling inflation.

Australian home loans posted a record drop in the third quarter, underscoring the erosion of borrowing demand in response to the Reserve Bank’s aggressive interest-rate increases to control inflation.

Markets Real Estate Australia home loans mortgages Reserve Bank of Australia interest rates borrowing demand inflation

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