Home loans in Australia rises 2.7% in December

Market news

11 February 2015

Home loans in Australia rises 2.7% in December

The Australian Bureau of Statistics released its home loans data on Wednesday. Home loans in Australia climbed 2.7% in December, exceeding expectations for a 2.3% rise, after a 0.4% decrease in November. November's figure was revised up from a 0.7% drop.

Investment lending climbed 6.0% in December, after 2.2% decline in November.

The Reserve Bank of Australia introduced new guidelines for the supervision of investor lending in December.

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