Housing finance rises to new record-high
Housing finance hit an all-time high in November, with the latest official data indicating investors are starting to return to property markets across the country.
The rise in housing finance indicates demand is likely to continue to be strong through 2021. Photo: Shutterstock (Image source: Shutterstock.com)
Housing finance hit an all-time high in November, with the latest official data indicating investors are starting to return to property markets across the country.
Australian Bureau of Statistics data showed the total value of new home loans was more than $24 billion in November, and while owner-occupiers accounted for the lion’s share, investor lending rose by a 6 per cent.
Overall home loan values increased by 23.7 per cent year-on-year, illu…
