Aussie tradies run off their feet by housing construction boom

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Thursday’s lending indicators data from the Australian Bureau of Statistics (ABS) revealed that loans for new home construction hit the six consecutive monthly record high in February 2021, surging 166% year-on-year:

Australian new home finance

Australian new construction loans hit their sixth consecutive month of record highs.

As noted by HIA Chief Economist, Tim Reardon:

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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.