Today’s housing finance data for January posted a 0.5% rebound in the number of new home finance commitments (both construction and new), with commitments up by 9.1% 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 have flattened elsewhere:
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