Housing finance surged 2% in October

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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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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.