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Australia Nov H'hold New Housing Loan Commitments Record High

MNI (Singapore)
  • Australian new loan commitments for housing (seasonally adjusted) rose 5.6% m/m, or 23.7% y/y, in November
  • The value of owner occupier home loan commitments rose 5.5% m/m, or 31.4% y/y
  • Both the total value of new loan commitments for housing and the value of owner occupier home loan commitments hit new record highs
  • New loan commitments rose 13.2% for personal fixed term loans
  • New loan commitments fell 49.6% for business construction (a typically volatile series)

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