New housing loan commitments went up in the first quarter of 2022 driven by investor lending. The home lending data released by the Australian Bureau of Statistics (ABS), revealed new home loan commi
The value of new owner-occupier home loans in Australia has surged by 8.7% to $19.9bn in December. Photograph: Lukas Coch/AAP
Home loans continue to grow at a record pace, driven by enthusiastic demand from first-time buyers even as housing prices hit new highs in the first weeks of 2021.
The risk of an overheating housing market may raise concerns for the Reserve Bank of Australia down the track.
But economists do not expect it will be making any short-term changes to monetary policy when its board meets for the first time this year on Tuesday.
The Australian Bureau of Statistics said the value of new owner-occupier home loan commitments surged by 8.7% to $19.9bn in December, 38.9% higher than a year earlier.