Global Economic News

Australia Home Loans Gain 1.6% In September

The total number of home loans in Australia was up a seasonally adjusted 1.6 percent on month in September, the Australian Bureau of Statistics said on Thursday - coming in at 54,313.

That beat forecasts for a decline of 1.6 percent following the 3.0 percent fall in August.

Investment lending climbed 4.6 percent on month to A$12.416 billion after slipping 0.8 percent in the previous month.

The value of loans was up 0.9 percent to A$19.885 billion after sliding 1.0 percent a month earlier.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Global Economic News