Global Economic News

Australia Home Loans Rise 2.3% In February

The total number of home loans issued in Australia was up a seasonally adjusted 2.3 percent on month in February, the Australian Bureau of Statistics said on Wednesday - standing at 52,460.

That beat forecasts for an increase of 1.5 percent following the flat reading in January.

Investment lending climbed 4.4 percent on month to A$10.737 billion after falling 3.7 percent in the previous month.

The total value of housing loans gained 2.9 percent to A$27.644 billion.

by RTTNews Staff Writer

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