The total value of owner-occupied home loans in Australia was up a seasonally adjusted 3.3 percent on month in March, the Australian Bureau of Statistics said on Tuesday – coming in at A$22.4 billion.
That follows the 1.8 percent decline in February.
Overall home loans rose 5.5 percent to A$30.2 billion, while the value of investment lending jumped 12.7 percent on month.
On a yearly basis, owner-occupied home loans surged 55.6 percent and investment lending spiked 54.3 percent.
The value of owner occupier loan commitments for the construction of new dwellings fell 14.5 percent.