Australia Home-Loan Approvals Rose Less Than Expected in October
This article is for subscribers only.
Australian home-loan approvals rose less than economists forecast in October even after central bank interest-rate reductions aimed at stimulating the economy and boosting the housing market.
The number of loans granted to build or buy houses and apartments advanced 0.1 percent from September, when they rose a revised 1.1 percent, the statistics bureau said in Sydney today. The median estimate in a Bloomberg News survey of 18 economists was for approvals to increase 3 percent.