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    09.03.2016 10:39 Home loans in Australia drop 3.9% in January

    The Australian Bureau of Statistics released its home loans data on Wednesday. Home loans in Australia dropped 3.9% in January, missing expectations for a 2.3% decline, after 2.7% increase in December. December's figure was revised up from a 2.6% rise.

     

    The value of owner occupied loans plunged at a seasonally adjusted 4.3% in January, investment lending decreased 1.6%, while the number of loans for the construction of dwellings slid 2.8%.


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