The total number of home loans issued in Australia was up a seasonally adjusted 2.9 percent on month in August, the Australian Bureau of Statistics said on Friday, coming in at 54,546.
That missed forecasts for an increase of 4.7 percent following the downwardly revised 0.3 percent decline in July (originally up 0.3 percent).
The value of loans jumped 6.1 percent to A$20.017 billion in August following the downwardly revised 1.7 percent gain in the previous month (originally 2.2 percent).
Investment lending dipped 0.4 percent to A$13.679 billion after sliding a downwardly revised 0.3 percent in July (originally a gain or 0.5 percent).
The material has been provided by InstaForex Company – www.instaforex.com