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Whether it's COVID or economics, multigenerational home sales are rising - Central Penn Business Journal


Whether it’s COVID or economics, multigenerational home sales are rising
By: Paula Wolf / Contributing Writer
April 30, 2021
10:42 am
According to the 2021 report on Home Buyer and Seller Generational Trends, in the year ending in July 2020, 18% of homebuyers between the ages of 41 to 65, and 17% of homebuyers ages 75 to 95, purchased a multigenerational home.
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Home loan commitments remain strong despite February fall: Australia


6.936
The number of owner occupier first home buyer loan commitments fell 3.3 per cent to 16,117 in February 2021 (seasonally adjusted). This is the first fall since May 2020, however, commitments remained at historically elevated levels. Compared to February 2020, the number of owner occupier first home buyer loan commitments rose by 65.8 per cent.
A 4.9 per cent fall in New South Wales and a 2.8 per cent fall in Queensland drove the fall in owner occupier housing loan commitments nationally. All other states with the exception of the Australian Capital Territory rose, with commitments in Victoria rising 4.2 per cent.
The value of new loan commitments for fixed term personal finance rose 1.1 per cent in February 2021 (seasonally adjusted), driven by lending for personal investment which rose 26.1 per cent. ....

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