Housing Finance Sees A Strong Uplift In December 2019

The Australian Bureau of Statistics (ABS) has released its December 2019 housing finance data. The results reveal a strong uplift in borrowing for property purchases over the month. 

Total housing finance for the purchase of property increased 4.4% in December in seasonally adjusted terms, the highest monthly growth rate in over three years. It signifies an additional $832 million in borrowings for property in December. 

Understanding the trends in finance data is important. By…