By a staff reporter, with AAP
The demand for home loans beat expectations in March, marking the second straight monthly increase, according to the Australian Bureau of Statistics.
The data showed the number of home loans granted in March lifted a seasonally adjusted 5.2 per cent to 48,071.
The result compares to an upwardly revised 46,225 in February.
Economists had expected the number of housing finance commitments to rise by 4 per cent in March.
Total housing finance by value rose 4.5 per cent in March, seasonally adjusted, to $22.983 billion.
Quick Summary:
Increase for second straight month, total housing finance by value also grows.
Associated image:
Media:
Primary category:
Status:
Published
Content Channel: