Housing finance flat in May

The demand for home loans was flat in May against expectations of a fall, according to the Australian Bureau of Statistics.

The demand for home loans was flat in May against expectations of a fall, according to the Australian Bureau of Statistics.

The data showed the number of home loans granted in May held broadly steady in seasonally adjusted terms at 52,092.

Economists surveyed by Bloomberg expected the number of housing finance commitments to fall by 0.5% in the month.

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