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Global Economic News

Australia Home Loans Flat In January

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The total number of home loans in Australia was roughly unchanged on month in January, the Australian Bureau of Statistics said on Wednesday, standing at 51,054.

That was shy of forecasts for an increase of 0.5 percent following the downwardly revised 3.3 percent contraction in December (originally down 1.9 percent).

The value of loans was up 1.5 percent to A$16.528 billion following the downwardly revised 2.1 percent contraction in the previous month (originally down 1.5 percent).

Investment lending tumbled 3.3 percent after rising a downwardly revised 2.5 percent a month earlier (originally 2.9 percent).

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