Today’s housing finance data for July posted a 2.7% jump in the number of new home finance commitments (both construction and new), with commitments also up by 9.9% over the year:
Looking at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally adjusted, shows that new home finance commitments remain strong in both New South Wales and Victoria, whereas they are also rising in Queensland. By contrast, they have fallen sharply in Western Australia (but seem to have found a bottom) and are astable in South Australia:
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