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TRENDS IN HOUSING FINANCE SHOW THE CONTINUED RISE OF OWNER OCCUPIERS AND FIRST HOME BUYERS

Posted by admin on November 11, 2020
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The latest ABS housing finance data shows the volume of finance lent for the purchase of property increased 5.9% in the month of September, taking the quarterly increase to 20.0%, the highest quarterly growth rate on record. It follows a 10.9% contraction in housing finance through the June quarter, when strict social distancing restrictions, such as a ban on open home inspections and on-site auctions, resulted in a sharp drop in transactions.

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