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Australia Owner-Occupied Home Loans Jump 5.6% In October
(RTTNews) - The value of owner-occupied home loans in Australia was up a seasonally adjusted 5.6 percent on month in October, the Australian Bureau of Statistics said on Monday - coming in at A$17.23 billion.
That beat expectations for an increase of 0.8 percent following the 0.1 percent decline in September.
On a yearly basis, loans were up 1.4 percent.
Investment lending climbed 5.0 percent on month and 12.1 percent on year to A$9.52 billion.
Construction loans were up 1.2 percent on month and down 0.7 percent on year at A$2.35 billion, while loans for the purchase of property sank 4.7 percent on month and climbed 4.9 percent on year to A$5.77 billion.
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Australia June Trade Surplus A$5.365 Billion
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RBA Board Says Another Rate Cut Inconsistent With Cautious Stance, Minutes Show
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