Home Loans indicator is a second tier indicator and it shows the change in the number of new loans granted for owner-occupied homes.
This one represents a leading indicator for the housing market as most homes are financed and it provides an educated guess about how many buyers are coming to the market.
The most important things to take into consideration when looking at the Home Loans indicator in Australia are:
- release date: monthly, about 40 days after the month ends;
- release time: 01:30 GMT during the Asian trading session;
- second tier data;
- no volatility expected to come to the market.