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Home loan approvals jump 2.9% in July

The number of home loan approvals has risen 2.9 per cent in July, beating market expectations for an increase of 1.0 per cent.

But the value of total housing finance fell 0.9 per cent to $33.03 billion in the month, seasonally adjusted data from to the Australian Bureau of Statistics shows.

The value of loans approved for owner-occupied housing rose 0.9 per cent in July, while the value of loans for investment housing fell 3.9 per cent, compared to June.

Topics: Values / Prices

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