Australian Home-Loan Approvals Unexpectedly Held in June
This article is for subscribers only.
Australian home-loan approvals unexpectedly stagnated in June as buyers sought fewer properties for investment.
The number of loans granted to build or buy houses and apartments was unchanged from May, when they rose a revised 2.8 percent, less than previously reported, the statistics bureau said in Sydney today. That compares with the median estimate for approvals to rise 0.8 percent in a Bloomberg News survey of 18 economists.