RTTNews - Monday, a report by the Australian Bureau of Statistics said housing finance for owner occupation, which excludes alterations and additions, climbed a seasonally adjusted 2.3% month-on-month in May. Owner occupied housing commitments increased to A$17.04 billion from A$16.6 billion in the preceding month.

At the same time, personal finance dropped 2.9% to A$6.03 billion and lease finance fell 1.9% to A$412 million. However, commercial finance rose 4% to A$28.3 billion, all in seasonally adjusted terms.

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