Global Economic News

Australia Home Loans Rise 2.6% In December

The total number of home loans in Australia was up a seasonally adjusted 2.6 percent on month in December, the Australian Bureau of Statistics said on Friday - coming in at 58,552.

That missed forecasts for an increase of 3.0 percent following the 1.8 percent gain in November.

Investment lending added 0.6 percent to A$11.638 billion after rising 0.7 percent in the previous month.

The total value of home loans advanced 0.9 percent to A$21.882 billion - slowing from 2.4 percent a month earlier.

by RTTNews Staff Writer

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