Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Housing commitments 'rose 2.3% in July'

The value of owner occupied housing commitments increased by 2.3 per cent in July, a report from the Australian Bureau of Statistics has shown.

Owner occupied housing commitments in Australia rose by 2.3 per cent in July, in seasonally adjusted terms, new figures have shown.

A report from the Australian Bureau of Statistics reveals that, in July, $13.761 billion (£8.281 billion) was given to those seeking finance for a new home in the country, compared to $13.458 billion (£8.099 billion) in June.

In trend terms, the increase was smaller at just 0.3 per cent, rising from $13.438 billion (£8.087 billion) to $13.478 billion (£8.111 billion) in July.

The report also shows that, in trend terms, personal finance commitments remained the same in July as they were in June.

As for commercial finance, the value of these commitments rose by 8.2 per cent in seasonally adjusted terms and 0.2 per cent in trend terms.

Earlier this month, Master Builders Australia claimed that increased housing finance commitments suggest that the country's property market could be bouncing back.

Posted by Steve Douglas

- housing, finance, property, ABS

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now