Investors Drive Home Loan Approvals: ABS

The latest housing finance figures released by the Australian Bureau of Statistics today reveal that home-loan approvals rose by a seasonally adjusted 0.5% from May.

Finance approvals to build new houses rose by 3.6% in June. The value of total housing finance rose 0.8% to $33.26 billion in the month, seasonally adjusted, according to the Australian Bureau of Statistics.

[Related reading: Building Approvals Jump 10.9% In June]