The value of owner-occupied home loans in Australia rose a seasonally adjusted 7.6% on month in November, the Australian Bureau of Statistics said on Friday – coming in at A$21.34 billion. This followed a 4.1% drop in October. Investment lending gained 3.8 percent on month to A$10.10 billion, surging from 1.1% in October, bringing the value of overall home loans to A$31.44 billion, up 6.3%. On a yearly basis, overall lending was up 33.2%.
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