Australian home loan commitments soar to record-highs in late 2020
- evelyngeorgegc
- Jan 15, 2021
- 1 min read
Australians are borrowing more money for property than ever before, new data released by the Australian Bureau of Statistics showed today.
The total value of new loan commitments for housing reached a record high in November 2020, rising 5.6 per cent to $24 billion.
The value of new owner occupier home loan commitments – not investors but people buying to live – rose 5.5 per cent to $18.3 billion.
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