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Home refinance activity increases during December

Staff Reporter 1 minute read

The value of housing loans refinanced during December 2007 rose a seasonally adjusted 6.6 per cent ($260 million) compared to November 2007, ABS data revealed today.

Other significant findings for December include:

•    The value of total owner occupied housing commitments rose 0.5 per cent to $15.554 billion

•    The value of total investment housing commitments decreased three per cent to $6.576 billion

•    The number of finance commitments for the construction of dwellings for owner occupation fell 2.1 per cent to $4.675 billion

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•    The number of finance commitments for the purchase of new dwellings decreased 3.8 per cent to $2.389 billion

•    The number of finance commitments for the purchase of established dwellings fell 0.5 per cent to $58.581 billion

*All figures are seasonally adjusted and compared to November results

Published: 11-02-08

 

Home refinance activity increases during December
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