Home loans in Australia gained in September as it jumped 5.1% compared with a previous revised -1.9% from -0.6%, and it came more than analyst's estimates of 3.0%. Investment lending declined by 0.1% following a prior revised 8.3% from 7.6%, while the value of loans increased by 6.7% after a revised decline by -2.7% from -1.7%.

The government's grants helped to spur demand in the property market leading to more home loans seekers and higher houses prices, which encouraged the Reserve Bank of Australia to raise interest rates by 50 basis points in 4 weeks to reach 3.50% from the record low of 3.00%.