Australia May Home Loans Up 2.2% On Month

New York London GMT Tokyo Singapore

1:47 GMT

Jul 2009

Australia May Home Loans Up 2.2% On Month

(RTTNews) - The number of loans issued for new housing in Australia increased in May by 2.2 percent over April.

The Australian Bureau of Statistics reported Wednesday that housing finance commitments totaled 63,855 in seasonally adjusted terms. The loans carried a total value of A$17.05 billion.

The value of investment housing loans increased 2.4 percent in May compared to April.

The Bureau said loan approvals to build houses was up a seasonally adjusted 8.0 percent on month in May, approvals to purchase newly built homes were up 2.9 percent, and the number of approvals to purchase existing houses was up 1.5 percent.

For comments and feedback: contact editorial@rttnews.com

Posted in Categories: Australia, Economy, Releases.

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent Market Opinions:

Recent News:

*Hong Kong Oct. New Mortgage Loans Drown Down Falls 9.5% On Month - HKMA - 8 mins ago
Italian Consumer Confidence Rises Unexpectedly In November - 9 mins ago
S. Africa Consumer Price Inflation Eases In October - 15 mins ago
Italian Retail Sales Drop In September - 20 mins ago
India’s Economic Outlook Better Than A Year Ago- RBI Dy. Governor - 24 mins ago

Opinions From Our Contributors

Commodities The New Crude Oil Benchmark That Could Change The Oil Market’s Price Dynamics Why Gold Prices Could Fall From Here… And Two Ways To Play The Move Gold Rush Creating Issues For Gold Buyers Will Copper Continue To Shine In ‘09? When Do We Sell Gold? Silver ETFs: More Gains To Come? Oil Seems Like It’s Going Nowhere… But The Story Is Very Different Below The Surface Distorted IEA Oil Reserve Figures Create Biofuel Opportunities In “White Gold” Region Of Central Asia The Simplest Reason Gold Will Soar Physical Gold, Silver And Oil Out-Performing Their Stocks? Read More »	Financials US Government Admits AIG Folly AIG And Its Counterparties Washington Examiner: “A Fox Is Guarding The Henhouse At The SEC” US Home Prices Continue To Rise Bank Of America Call Options In Hot Demand Stock Market News: HP, Analog Devices, Heinz, Medtronic Report Strong Results, Citigroup Selling Diners Club To Bank Of Montreal Stock Market Briefs: Twitter May Consider IPO, Tyson Foods Beats Estimates Don’t Count Out Actively Managed ETFs U.S. Bank Failures Reach 124 Financial ETFs Still Remain Vulnerable Read More »	Exchange Traded Funds 3 Reasons Why ETNs Are Shrinking Positioning For Year-End Murdoch’s Gamble: Will It Benefit Media ETFs? Why Agriculture ETF Outlook Appears Promising Is Low Interest Creating A Sovereign Debt Bubble? Protect Yourself Against An Imminent Stock Market Correction Japan ETFs: The New War They’re Waging India ETFs: Too Much, Too Soon? ETF Update: Health Stocks And Health Care Legislation Biggest Gainer ETFs For The Week Ended 22 Nov Read More »
Stocks Stock News Briefs: GM May Keep Saab After Deal Falls Apart; US 3Q GDP Revised Down; Qualcomm Antitrust Inquiry Dropped Stock Picks For Wednesday: Cell Therapeutics, Tellabs And American Oriental Bioengineering Stock Market Outlook Remains Positive Singapore Stock Market Updates US Bonds Are Blasting A Warning Another Options Strategy For Income Investors Option Traders Barter For Calls On EBAY Will Emerging-Market Outperformance Last? Stock Market Movers: Dollar Tree, Origin Agritech, US Airways Group How To Value Stocks Using Discounted Cash Flow Read More »	Forex Wednesday’s Forex Outlook EUR/USD Breaks Above 1.5000 Today Risk Aversion Takes A Back Seat In Forex Markets Australian Dollar: Caution Swiss Franc: The Downside Prevails Canadian Dollar: Caution Japanese Yen: Under Pressure British Pound: The Downside Prevails Euro: Under Pressure Watching EUR/USD At The 1.4945 Level Where 100 & 200 Bar Moving Averages Converge Read More »	Economy Why Pimco’s Fleeing From Mortgage Debt Into Government Debt US Housing Has Never Been More Affordable Federal Reserve Statement: No News Is Good News? Summary Of Holiday Spending Surveys & Reports Consumer Confidence Increasing The Great Louisiana Healthcare Rip-Off Consumer Attitudes: The Future Of Saving And Spending Economic Highlights: GDP Up 2.8%, Corporate Profits Increase By $130 Billion Forex Markets Drift Due To Lack Of Drivers Can The Retail Sector Rouse The Recovery? Read More »