Housing finance commitments rise on FHB stimulus

Wednesday 17 January 2018

Today’s housing finance data for November, released by the Australian Bureau of Statistics (ABS), posted a big jump in lending to owner-occupiers as well as a smaller increase in lending to investors.

According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) rose by 2.4% in November in seasonally adjusted terms and was up 9.2% over the year:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.