Noosa News
Homeowners break multibillion-dollar borrowing record
New home construction is one of the big drivers of the rise in owner-occupier borrowing. Picture: AAP Image/Dan Peled.
Queenslanders have hit a new record $4.3b in home borrowing just one month, a massive 74 per cent jump on the same time last year with home values now also at fresh peaks.
It’s the sixth straight month in a row of record rises for new loans for owner occupiers (excluding refinancing), according to Australian Bureau of Statistics January data.
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