Investing.com - Financial Markets Worldwide
⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

Australian home loan approvals rise more-than-expected in July

Published 09/08/2010, 02:55 AM
AUD/USD
-
Investing.com – The number of Australian new home loan approvals rose more-than-expected in July, official data showed on Wednesday.

In a report the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.7% in July, after falling 3.2% in June, whose figure was revised down from 3.9%.

Analysts had expected the number of home loans granted to rise 1.1% in July.

The report said that the total value of loans increased 0.7% to AUD 20.8 billion in July.

Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.51% to hit 0.9152.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.