The overall variety of new home loans in Australia was down a seasonally adjusted 1.1 percent on month in January, the Australian Bureau of Statistics stated on Tuesday – coming in at 54,443.
That missed forecasts for a fall of 1.0 percent following the 2.3 percent drop in December.
The value of loans acquired 0.5 percent to A$ 21.165 billion after sliding 1.1 percent in the previous month.
The overall value of house finance commitments omitting changes and additions increased 0.7 percent.
Financial investment lending climbed 1.1 percent to A$ 11.902 billion after sliding 2.9 percent a month previously.
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