General
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…
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