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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