By James Glynn
SYDNEY--The number of Australian home-loan approvals rose a seasonally adjusted 1.6% in September from August, the Bureau of Statistics said Thursday.
Economists surveyed ahead of the announcement had expected a 1.6% fall over the month.
The value of loans for investment housing rose 4.6% in September from August, the ABS said.
Finance approvals to build new houses fell 0.8% in September from August. Approvals to buy newly built dwellings rose 0.9%, while lending for the purchase of established homes rose 2.0% in the month.
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(END) Dow Jones Newswires
November 09, 2016 19:47 ET (00:47 GMT)
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