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1.Market Observations, 8.Was Sticky

12 Feb 2020 (AFR) – Home loans growing at fastest pace in three years

(12 February 2020, AFR, p39, Michael Bleby, Senior Reporter)

‘New home loans grew at their fastest pace in more than three years in December, as first home buyers roared back into the market and investors joined the rush. The 4.4 per cent increase in new mortgage commitments – excluding refinancing of existing loans – was the biggest monthly gain since the 4.9 per cent increase seen in September 2016 and lifted December’s total to $19.6 billion, Australian Bureau of Statistics figures released on Tuesday showed.’

Read more at AFR.com (might need AFR login access)

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