The total value of housing commitments rose a seasonally adjusted 3.7 per cent in January to $23.166 billion compared to December 2007, ABS data revealed this morning.
The total value of investment housing commitments contributed largely to the rise, increasing a seasonally adjusted 8.3 per cent over the course of the month.
Other significant findings include:
• Total number of finance commitments for construction of dwellings rose 2.7 per cent, seasonally adjusted, to $4.826 billion
• Total value of finance commitments for construction of dwellings for rent or resale rose 81.5 per cent, or $483 million, seasonally adjusted.
• Total number of finance commitments for purchase of new dwellings decreased 4.9 per cent, seasonally adjusted, to $2.265 billion
• Total number of first home buyer commitments as a percentage of total owner occupied housing finance commitments decreased to 18 per cent in January, from 18.4 per cent in December 2007.
• Total number of owner occupied dwellings financed by banks increased by 3.3 per cent, in January, seasonally adjusted.
• Total number of owner occupied dwellings financed by non-banks decreased by 2.2 per cent in January, seasonally adjusted.
Who do you aggregate through?
Thank you for your vote, you can see the results here.
The results are in for the Third-Party Lending Report 2020, revea...
A low-deposit mortgage lender has announced changes to its third-...
Businesses with an annual turnover of less than $200,000 have far...