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2018.01.1619:51:00UTC+00Australia New Home Loans Rise 2.1% On Month In November

The total number of new home loans issued in Australia was up a seasonally adjusted 2.1 percent on month in November, the Australian Bureau of Statistics said on Wednesday - coming in at 56,625.

That beat expectations for a flat reading following the 0.6 percent decline in October.

The value of loans climbed 2.7 percent on month to A$21.322 billion following the flat reading in the previous month.

Investment lending picked up 1.5 percent to A$12.185 billion following the 1.6 percent gain a month earlier.

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