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Aussies committing to new home loans at soaring rates – NEWS.com.au
Aussies committing to new home loans at soaring rates
New home loan commitments have reached record highs as the low interest rate environment and government incentives spur on a flurry of buying activity. Latest Australian Bureau of Statistics data reveals new housing loans for December soared 8.6 per cent on the previous month, with $26bn added to the nation’s lending book.
The ABS recorded an 8.7 per cent rise in new owner-occupier home loans, while investor-only loans grew 8.2 per cent.
Owner-occupier loan commitments are at the highest level since…
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