The value of owner-occupied home loans issued in Australia was up a seasonally adjusted 13.6 percent on month in August, the Australian Bureau of Statistics said on Friday - coming in at A$16.28 billion.
That was in line with expectations following the 10.7 percent increase in July.
Investment lending was up 9.3 percent on month to A$5.01 billion, while total home loans gained 12.6 percent on month.
On a yearly basis, owner-occupied loans surged 29.2 percent, investment lending sank 4.6 percent and total loans rose 19.3 percent.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2165216/
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