New figures show new home loan commitments have surged – NEWS.com.au

Australia has experienced its largest rise in new home loan activity as easing restrictions and cheap rates prompt a surge in buying activity. Latest figures from the Australian Bureau of Statistics show new loan commitments in July rose 8.9 per cent compared with the previous month.
It is the largest month-on-month rise ever recorded by the bureau and has been spurred on by significant rises in owner-occupier loan activity.
Owner-occupier loans rose 10.7 per cent over the month of July, while…

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