The total number of housing loans in Australia climbed a seasonally adjusted 4.4 percent in September compared to the previous month, the Australian Bureau of Statistics said on Monday, standing at 51,480.
That beat forecasts for an increase of 3.5 percent following the downwardly revised 4.0 percent contraction in August (originally -3.9 percent).
The value of home loans spiked 5.3 percent on month to A$25.151 billion after dipping a revised 2.8 percent in the previous month.
Investment lending surged 5.2 percent on month to A$9.370 billion after adding a revised 0.6 percent a month prior.
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