Home loans in Australia fall 0.5% in October

Market news

9 December 2015

Home loans in Australia fall 0.5% in October

The Australian Bureau of Statistics released its home loans data on Wednesday. Home loans in Australia decreased 0.5% in October, beating expectations for a 1.0% drop, after 2.0% rise in September.

The value of owner occupied loans rose at a seasonally adjusted 0.1% in October, investment lending dropped 6.1%, while the number of loans for the construction of dwellings fell 0.4%.

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