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New land release to address demand in Karratha market
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Investors drive loan commitments to new high: ABS
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The rise in investor loan commitments was concentrated in New South Wales and Victoria which rose by 12.1 per cent and 17.4 per cent, in May 2021.
New loan commitments for owner occupiers rose 1.9 per cent to $23.4 billion, the highest level since the series began.
However, for the third consecutive month there were falls in the value of loan commitments for residential land and the construction of new dwellings.
While the number of loan commitments to owner occupier first home buyers fell 0.8 per cent to 15,050, it remained at historically high levels.
“First home buyer activity remained at high levels in New South Wales and Victoria. However, the number of first home buyers has fallen over the last few months in Queensland, Western Australia and South Australia, following the cessation of HomeBuilder and state government initiatives, such as the Building Bonus Grant in Western Australia”, Ms Keenan said.
Mortgage Business
Loan commitments continue record streak By Malavika Santhebennur 07 June 2021
New housing loan commitments soared to a record high of $31 billion, but construction loans for new dwellings recorded their second monthly fall since the launch of HomeBuilder, according to the ABS.
The Australian Bureau of Statistics’ (ABS) lending indicators data for April 2021 has revealed that new loan commitments reached a new record once again, up 3.7 per cent to $31 billion.
The value of owner-occupier new loan commitments also reached the highest point in the series, up 4.3 per cent to $23 billion.
Values in this segment rose in NSW (8.6 per cent), Victoria (8.4 per cent), South Australia (5.3 per cent), and in Queensland (1.3 per cent), but declined by 7.9 per cent in Western Australia after falling by 5.1 per cent in Mar
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