The total number of owner-occupied home loans in Australia was up a seasonally adjusted 1.1 percent in November compared to the previous month, the Australian Bureau of Statistics said on Monday - standing at 52,912.
That topped forecasts for an increase of 1.0 percent on month, which would have been unchanged from the October reading.
The value of loans climbed 1.7 percent - unchanged from the previous month - coming in at A$26.934 billion.
Investment lending was up 1.5 percent on month to A$10.383 billion, slowing from the 8.5 percent surge in October.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.