The total value of owner-occupied home loans was up a seasonally adjusted 6.0 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at A$17.26 billion.
That’s down from 13.6 percent in August.
Investment lending was up 5.2 percent on month in September at A$5.28 billion - slowing from the 9.3 percent gain in the previous month.
On a yearly basis, owner-occupied loans surged 33.8 percent and investment lending gained 4.2 percent.
Loans for construction skyrocketed 57.2 percent on month but plummeted 47.3 percent on year at A$2.06 billion.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx