Today’s housing finance data for January, released by the Australian Bureau of Statistics (ABS), posted another strong monthly increase in investor finance commitments, but weaker demand from owner-occupies, most notably first home buyers (FHBs).
According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by a seasonally adjusted 1.7% over the month to be up 4.6% over the year:
