BEAT: Australian Home Loans Rose 2.3% In February

Getty/ Mary Turner

The number of owner occupied housing finance commitments rose 2.3% in February, according to the Australian Bureau of Statistics.

This beats the market expectation of 2%, and is good news considering housing finance, along with house prices, is the hot spot in the economy, and the one that gained the most traction from the RBA’s super-low rates period.

We’ll have the analysis up shortly.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at