2020.12.0223:55:00UTC+00Australia Home Loans Rise 0.8% In October

The value of owner-occupied home loans issued in Australia was up a seasonally adjusted 0.8 percent on month in October, the Australian Bureau of Statistics said on Thursday - coming in at A$17.39 billion.

That follows the 6.0 percent jump in September.

Investment lending added 0.3 percent on month to A$5.29 billion, while overall housing loans were up 0.7 percent on month to A$22.68 billion.

On a yearly basis, overall loans rose 23.3 percent, owner-occupied loans surged 31.2 percent and investment lending added 2.8 percent.