Growth

Home loan commitments on the up

By Staff Reporter• Friday, 18 May 2012•3 min read

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Steven Cross

Housing finance data released by the Australian Bureau of Statistics (ABS) this week showed a slight improvement in new loan commitments.

Over the month of March, total housing finance commitments rose by 0.3 per cent, with new home loan commitments rising 0.2 per cent.

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The number of housing finance commitments to first home buyers rose by 6.3 per cent in March 2012 with 7,969 commitments. Although first time buyer commitments improved, as a proportion of all owner occupier finance commitments, first home buyers accounted for just 16.4 per cent of the market.

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