Jan. 11, 2024 10:03 pm ET
SYDNEY—Demand for Australian housing remains solid with the value and number of new loans climbing in November despite a record surge in mortgage interest rates over the last year-and-a-half.
The value of new owner-occupier dwelling loan commitments rose 0.1% in November, while the number of loans being written increased by 1.0%, the Australian Bureau of Statistics said Friday.
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