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.

-Write to James Glynn at james.glynn@wsj.com

(END) Dow Jones Newswires

November 09, 2016 19:47 ET (00:47 GMT)

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