Housing finance surged 2% in October

The ABS has released a new housing finance series that replaces the old format. Therefore, this month’s report will not include the usual flashy charts, as these will need to be calibrated for the new data sets.

Instead, below are charts and commentary directly from the ABS.

Commentary:

New loan commitments for housing rose by 2.0 per cent, seasonally adjusted, in October according to new data released today by the Australian Bureau of Statistics (ABS) in its Lending Indicators publication (previously called Lending to Households and Businesses).

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