The value of owner-occupied home loans issued in Australia in October was down a seasonally adjusted 2.9 percent on month, coming in at A$17.16 billion.
That exceeded expectations for a decline of 4.5 percent following the 9.3 percent drop in September.
On a yearly basis, home loans stumbled 17.2 percent.
Investment lending fell 2.2 percent on month and 17/0 percent on year to A$8.62 billion.
Overall lending shed 2.7 percent on month and 17.1 percent on year to A$25.79 billion.
The material has been provided by InstaForex Company – www.instaforex.com
Latest posts by Insta Forex (see all)
- KC Fed Manufacturing Index Drops to -13 in April 2024 - April 25, 2024
- KC Fed Composite Index Drops to -8 in April 2024 - April 25, 2024
- T-Mobile, EQT Form Joint Venture To Buy Lumos - April 25, 2024