You have 0 free articles left this month.
Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

Australians continue to shy away from property commitments: ABS

3 minute read
The Adviser

The number of Australians who committed to a home loan declined again in June to just 50,294.

This represented a fall of 3.7 per cent from May and 24.7 per cent from the same time last year, ABS data showed today.

Finance commitments for the purchase of new dwellings was the only category of financing to record an increase in June, it rose by 6.9 per cent from May.

Despite growing rental returns, financing commitments for investment properties also declined by 0.3 per cent to $5.580 billion, compared to $8.102 billion in June 2007.

Published: 06-08-08

default
You need to be a member to post comments. Become a member today
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more