Home Loans Steady
Housing finance remained steady in June following two consecutive months of improvements, according to data released this week by the Australian Bureau of Statistics.
The figures show that the number of commitments in June 2011 for owner-occupied housing finance was flat (0.0 per cent) in seasonally adjusted terms, following a rise of 4.4 per cent in May and a rise of 4.8 per cent in April.
Of these, loans to buy new dwellings rose by 0.7 per cent and to buy established dwellings by 0.1 per cent, while the number of loans to build new homes fell by 0.7 per cent.
The total value of dwelling commitments excluding alterations and additions (seasonally adjusted) fell 1.4 per cent in June, following lifts of 2.9 per cent in May and 3.7 per cent in April 2011.
Loans for owner-occupied housing (seasonally adjusted) remained unchanged in June 2011 while the value of investment housing (fixed loans) commitments dropped 4.4 per cent.
