Business
Fresh figures show new home loan commitments have surged by largest month-on-month rise ever – PerthNow
New home loan commitments have surged by the largest month-on-month rise ever recorded by the Australian Bureau of Statistics.
New home loan commitments have surged as the easing of coronavirus restrictions prompted a normalising 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 first-home buye…
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