According to figures from the Australian Bureau of Statistics (ABS), the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments has reached record highs.
Some key figures include:
- The total value of new loan commitments for housing rose 8.6 per cent to $26 billion (seasonally adjusted.) This represents a 31.2 per cent increase on December 2019.
- The value of new owner occupier home loan commitments rose 8.7 per cent to $19.9 billion. This is 38.9 per cent higher than December 2019.
- The value of owner-occupier approvals for existing dwellings rose 4.0 per cent, while approvals for new construction rose 15.3 per cent.
Why the jump?
"According to figures from the Australian Bureau of Statistics (ABS), the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments has reached record highs."
According to figures from the Australian Bureau of Statistics (ABS), the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments has reached record highs.
Some key figures include:
- The total value of new loan commitments for housing rose 8.6 per cent to $26 billion (seasonally adjusted.) This represents a 31.2 per cent increase on December 2019.
- The value of new owner occupier home loan commitments rose 8.7 per cent to $19.9 billion. This is 38.9 per cent higher than December 2019.
- The value of owner-occupier approvals for existing dwellings rose 4.0 per cent, while approvals for new construction rose 15.3 per cent.
Why the jump?
