Luke GrahamLeave a comment
Last week, the Australian Bureau of Statistics (ABS) released updated figures of monthly new housing loan commitments. Figures have continued to trend upward since a six-year low was reached in January 2019. Over the course of 2019, occurrences such as a federal election upset, reserve bank rate cuts and revised regulatory conditions have markedly improved property market sentiment in many parts of Australia. The amount of money borrowed for new home loans in December 2019 was resultantly 49 percent higher than the January 2019 trough.