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Australia Home Loans Sink 2.3% In December

The total number of new home loans issued in Australia was down a seasonally adjusted 2.3 percent on month in December, the Australian Bureau of Statistics said on Friday - coming in at 55,161.

That missed forecasts for a decline of 1.0 percent following the 2.1 percent increase in November.

The value of loans dipped 1.0 percent on month to A$21.067 billion following the 2.7 percent spike in the previous month.

Investment lending dropped 2.6 percent to A$11.816 billion following the 1.5 percent gain a month earlier.

by RTT Staff Writer

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