Global Power | Local Knowledge | Uniquely Personal

New home lending rises during June

Lending for new homes rose during June, according to new statistics.

Lending for new homes in Australia has risen again during June, according to the latest figures from the Australian Bureau of Statistics.

Data shows that the number of loans for the construction and purchase of new owner occupied homes rose by 0.6 per cent over June.

This is a significant 13.3 per cent increase in comparison to similar figures from 12 months previous.

Shane Garrett from the Housing Industry Association said that these figures confirmed a steady recovery in the new homes market.

He explained: "Encouragingly, growth in new home lending has affected most states, with particularly strong figures from the ACT and South Australia during June."

Mr Garrett highlighted that continued growth in new home lending was predominantly being driven by the reductions in interest rates which have been taking place over the past two years as well as greater economic stability on an international scale.

Posted by Ravin Chatlani


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

Subscribe Now