The total number of home loans issued in Australia was down a seasonally adjusted 0.7 percent on month in September, the Australian Bureau of Statistics said on Monday – standing at 51,465.
That missed expectations for a decline of 0.4 percent following the 0.9 percent drop in August.
The total value of home loans advanced 1.4 percent on month to A$16.930 billion following the upwardly revised 1.9 percent decline a month earlier (originally -2.0 percent).
Investment lending jumped 3.7 percent on month in September to A$11.940 billion. That follows the upwardly revised 0.7 percent increase in the previous month (originally -0.1 percent).
The total value of dwelling finance commitments excluding alterations and additions rose 2.3 percent.
The material has been provided by InstaForex Company – www.instaforex.com