Aussies added $10 billion in housing loans in a month, to now owe $1.561 trillion on homes

first_imgQueensland saw owner occupied housing lending drop in December, seasonally adjustedMore from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoAUSSIES added $10 billion in home loans in one month, bringing total outstanding housing loans to a whopping $1.561 trillion, latest official data shows.Australian Bureau of Statistics housing finance data for December showed housing loan outstandings jumped 0.7 per cent between November and December last year, with owner occupied loans hitting $1.016 trillion and investment housing loans at $545 billion.“The total value of dwelling commitments excluding alterations and additions (trend) rose 0.8 per cent in December 2016 compared with November 2016, and the seasonally adjusted series rose 0.4 per cent in December 2016.”Seasonally adjusted, owner occupied lending was up 1.3 per cent, led by strong growth out of ACT up 6.3 per cent, followed by New South Wales 1.5 per cent, Victoria 0.8 per cent and Northern Territory 0.5 per cent. But elsewhere saw falls including Queensland (down 1.3 per cent), Tasmania (2.7 per cent), South Australia (1.9 per cent) and Western Australia (2.7 per cent).First home buyers remained at 13.8 per cent of total owner occupied commitments for the month, but their numbers were down to 7,690.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *