RTTNews | Oct 31, 2021 09:30PM EDT

21:30 Sunday, October 31, 2021 (RTTNews.com) - The total value of owner-occupied home loans in Australia was down a seasonally adjusted 2.7 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at A$20.69 billion.

That missed expectations for a decline of 2.0 percent following the 6.6 percent plunge in August.

Investment lending was up 1.4 percent on month at A$9.62 billion and overall home loans fell 1.4 percent on month to A$30.31 billion.

On a yearly basis, owner-occupied home loans gained 20.8 percent, while investment lending skyrocketed 83.2 percent and overall home loans jumped 35.5 percent.

Read the original article on RTTNews ( https://www.rttnews.com/3237542/australia-new-home-loans-sink-2-7-in-september.aspx)

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