The total value of overall home loans in Australia was up a seasonally adjusted 5.6 percent on month in November, the Australian Bureau of Statistics said on Friday – coming in at A$23.96 billion.
Owner-occupied home loans gained 5.5 percent to A$18.34 billion, while investment lending climbed 6.0 percent to A$5.61 billion.
On a yearly basis, overall lending jumped 23.7 percent, owner-occupied loans surged 31.4 percent and investment lending rose 3.9 percent.
Personal fixed term loans jumped 13.2 percent on month and 5.8 percent on year to A$1.76 billion.
Business construction loans plummeted 49.6 percent on month and 62.1 percent on year to A$1.02 billion.
The material has been provided by InstaForex Company – www.instaforex.com