The number of Australian home-loan approvals rose a seasonally adjusted 2.1% in November from October, the Bureau of Statistics said Wednesday.
Economists surveyed ahead of the announcement had expected a flat result.
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The value of loans for investment housing rose 1.5% from October, the ABS said.
Finance approvals to build new houses rose 2.0% in November from October. Approvals to buy newly built dwellings rose 2.6%, while lending for the purchase of established homes rose 2.1% in the month.
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(END) Dow Jones Newswires
January 16, 2018 19:55 ET (00:55 GMT)