Market Signal

Australian Share Market Slides on Retail Weakness as Property Investors Pull Back Sharply

Sourced from 2 publications

  • •Australian retail stocks sold off during earnings season, dragging the broader share market lower despite strength in energy and resources.
  • •ABS data showed a 10.2% quarterly decline in investor housing finance commitments, with total housing finance down 5.4% in Q2.
  • •Owner-occupier housing finance fell a comparatively modest 1.9% over the same quarter.
  • •New Zealand dwelling values dropped 0.4% year-on-year in July, extending a decline that has lasted roughly four and a half years and improved affordability.

Sources

Aussie share market slides as retail sector falls

Perthnow

Unlike Australia, New Zealand housing affordability continues to improve

Macrobusiness

Specufestors flee Aussie property

Macrobusiness

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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