Investing.com – The number of Australian new home loan approvals rose unexpectedly in September, 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 1.3% in September, after rising by 1.1% in August, whose figure was revised up from 1.0%.
Analysts had expected the number of home loans granted to rise by 1.0% in September.
The report said that the total value of loans increased by 0.6% to AUD 20.3 billion in September.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.13% to hit 1.0048.
In a report the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.3% in September, after rising by 1.1% in August, whose figure was revised up from 1.0%.
Analysts had expected the number of home loans granted to rise by 1.0% in September.
The report said that the total value of loans increased by 0.6% to AUD 20.3 billion in September.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.13% to hit 1.0048.