The total value of owner-occupied home loans issued in Australia tumbled a seasonally adjusted 10.2 percent on month in May, the Australian Bureau of Statistics said on Thursday - coming in at A$12.31 billion.
That missed expectations for a fall of 7.5 percent and followed the 5.0 percent decline in April.
Investment lending plummeted 15.6 percent to A$4.10 billion after slipping 4.2 percent in the previous month.
Loans fell 11.6 percent for housing, rose 14.5 percent for personal fixed term loans and rose 3.6 percent for business construction.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2160086/
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