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Home loan market improves in June due to easing restrictions – NEWS.com.au
Home loan market improves in June due to easing restrictions
New home loan commitments are recovering from the initial market free fall experienced at the beginning of the coronavirus pandemic. Latest figures released by the Australian Bureau of Statistics show new home loans in June rose 6.2 per cent compared with May, with the housing finance sector adding $17.4 billion in value.
ABS chief economist Bruce Hockman said the figures reflected the easing of COVID-19 restrictions in May; however, housing finance activity remained lower than pre-pandemic lev…
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