The total number of new home loans issued in Australia was up a seasonally adjusted 2.1 percent on month in November, the Australian Bureau of Statistics said on Wednesday – coming in at 56,625.
That beat expectations for a flat reading following the 0.6 percent decline in October.
The value of loans climbed 2.7 percent on month to A$21.322 billion following the flat reading in the previous month.
Investment lending picked up 1.5 percent to A$12.185 billion following the 1.6 percent gain a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com
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