Refinancing drives November housing commitments increase

According to figures released yesterday by the the ABS, the increase was mainly due to a rise in the refinancing of established dwellings – up $221 million (5.9 per cent) and the purchase of established dwellings (excluding refinancing), which was up $169 million, or 1.8 per cent.

These strong gains were offset by decreases in the purchase of new dwellings – which was down 6.8 per cent – and the construction of dwellings, down 3.6 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 17 January 2008