Housing Credit MoM measures the month-over-month change in credit extended to Australia's private sector for housing expenditures. This includes all forms of housing credit, such as securitisations. Analysts monitor this indicator to gauge the health of the housing market and its potential impact on broader economic conditions.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.