The total number of home loans in Australia was up a seasonally adjusted 3.2 percent on month in August, the Australian Bureau of Statistics said on Thursday – coming in at 33,468.

That exceeded expectations for an increase of 2.3 percent following the upwardly revised 4.3 percent increase in July (originally 4.2 percent).

Personal finance commitments fell 2.2 percent in August following a 3.8 percent fall in July and was down 12.9 percent on August 2018.

The value of new lending commitments for owner occupier dwellings rose 1.9 per cent nationally in August, with rises in all states and territories apart from the Northern Territory.

The material has been provided by InstaForex Company – www.instaforex.com