Today’s housing finance data for February posted a 2.8% decline in the number of new home finance commitments (both construction and new), although commitments were up by 7.5% 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 very strong in both New South Wales and Victoria, whereas they have flattened elsewhere:
Advertisement
