The total value of owner occupied housing commitments in Australia increased unexpectedly in November, figures from the Australian Bureau of Statistics showed Friday.
The value of owner occupied housing commitments, excluding alternations and additions, grew a seasonally-adjusted 1.8 percent month-over-month in November.
Economists had expected a 0.5 percent fall for the month. On an unadjusted basis, it edged up by 0.1 percent.
Similarly, the total value of owner occupied housing commitments went up 2.4 percent in November from a month ago and the value of investment housing commitments climbed by 0.7 percent
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