Original article by Megan Neil
The Australian – Page: 19 : 8-Mar-24

Data from the Australian Bureau of Statistics shows that the value of new housing loans fell by 3.9 per cent to $25.12bn in January; this followed a 4.1 per cent decline in December. The general consensus of economists had been for two per cent growth in home loans during January. The value of new owner-occupier loans fell by 4.6 per cent to $15.91bn, and lending to property investors was down 2.6 per cent to $9.21bn. Meanwhile, lending to first-home buyers was down 6.9 per cent, and the value of those loans fell by six per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS