90 seconds @ 9am : Aussie housing market loses steam

Australian Bureau of Statistics figures show the value of loans approved for investment housing fell 6.1% from September to October, putting it at its lowest level since June last year. Having peaked in April, the value of investor loans have dropped by 15% in the three months to October.

Meanwhile, the value of loans approved for owner-occupier housing rose 0.4% in October.

Read the full story here : http://www.interest.co.nz/news/79067/value-investor-housing-loans-falls-6-australia-china-inflation-figures-disappoint-us-gdp