Investing.com - The number of new home loans granted in Australia rose more-than-expected last month, official data showed on Tuesday.
In a report, Australian Bureau of Statistics said that Australian home loans rose to a seasonally adjusted 1.6%, from 1.1% in the prior month whose figure was revised down from 1.2%.
Analysts had expected Australian home loans to rise 1.0% last month.
In a report, Australian Bureau of Statistics said that Australian home loans rose to a seasonally adjusted 1.6%, from 1.1% in the prior month whose figure was revised down from 1.2%.
Analysts had expected Australian home loans to rise 1.0% last month.