Housing finance commitments continue downward spiral

The value of total dwelling commitments fell 6.1 per cent from April to $18.141 billion, seasonally adjusted, driven by a 5.7 decrease in owner-occupied housing commitments and 6.8 per cent drop in investment housing.

The number of owner-occupied housing commitments fell most significantly during the month by 7.9 per cent, seasonally adjusted– the largest decline in eight years.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 09 July 2008