The total number of new home loans is Australia issued in May was up a seasonally adjusted 1.0 percent on month, the Australian Bureau of Statistics said on Tuesday, standing at 53,951.
That beat forecasts for a decline of 2.0 percent following the 1.6 percent increase in April.
The value of home loans was up 2.9 percent in May to A$32.712 billion. That follows the 1.6 percent gain in the previous month.
Investment lending gained 2.9 percent to A$13.494 billion following the 6.4 percent jump a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com