Australian Housing Finance Falls in December

02/08/18 07:53 PM EST

By Mike Cherney

 

SYDNEY--The number of Australian home-loan approvals fell a seasonally adjusted 2.3% in December from November, the Bureau of Statistics said Friday.

Economists surveyed ahead of the announcement had expected a fall of 1.0%.

The value of loans for investment housing fell 2.6% from November, the ABS said.

Finance approvals to build new houses fell 1.1% in December from November. Approvals to buy newly built dwellings fell 3.8%, while lending for the purchase of established homes fell 2.3% in the month.

 

-Write to Mike Cherney at mike.cherney@wsj.com

 

(END) Dow Jones Newswires

February 08, 2018 19:53 ET (00:53 GMT)

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