Today’s housing finance data for February, released by the Australian Bureau of Statistics (ABS), posted a significant monthly decline in investor finance commitments, but stronger demand from owner-occupies, including from first home buyers (FHBs).
According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by a seasonally adjusted 1.0% over the month to be up 0.9% over the year:
