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

Bloomberg Markets Wednesday 11 November 2026, 00:49 UTC By Nasteho Said 1 min read
Key Points

Australia’s Home Loans Fall by Record After Rapid RBA Rate Hikes 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. The value of new home loans fell 15.5% in the three months through September, almost double economists’ forecast and the biggest quarterly decline since the series began in 2002, Australian Bureau of Statistics data showed...

Australia’s Home Loans Fall by Record After Rapid RBA Rate Hikes 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. The value of new home loans fell 15.5% in the three months through September, almost double economists’ forecast and the biggest quarterly decline since the series began in 2002, Australian Bureau of Statistics data showed Wednesday. The value of loans to investors tumbled 32.3%.
Australia (LOCATION) Home Loans Fall (ORG) Rapid RBA Rate Hikes Australia’s (ORG) Rapid RBA Rate (ORG) Australian (ORG) the Reserve Bank’s (ORG) Australian Bureau of Statistics (ORG)
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