Today’s housing finance data for December posted another 2.0% fall in the number of new home finance commitments (both construction and new), although commitments were still up by 7.4% 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 (but fading) in both New South Wales and Victoria, whereas they have flattened elsewhere:
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