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Investor housing loan commitments rise 13 3 per cent: Australia

6.8534 The rise in investor loan commitments was concentrated in New South Wales and Victoria which rose by 12.1 per cent and 17.4 per cent, in May 2021. New loan commitments for owner occupiers rose 1.9 per cent to $23.4 billion, the highest level since the series began. However, for the third consecutive month there were falls in the value of loan commitments for residential land and the construction of new dwellings. While the number of loan commitments to owner occupier first home buyers fell 0.8 per cent to 15,050, it remained at historically high levels. “First home buyer activity remained at high levels in New South Wales and Victoria. However, the number of first home buyers has fallen over the last few months in Queensland, Western Australia and South Australia, following the cessation of HomeBuilder and state government initiatives, such as the Building Bonus Grant in Western Australia”, Ms Keenan said.

Treasury s IGR based on one big lie - MacroBusiness

MacroBusiness Access Subscriber Only Content By William Bourke, President of the Sustainable Australia Party On 28 June, the fifth ‘Intergenerational Report’ (IGR) was finally released. After a long delay, Federal Treasurer Josh Frydenberg and the Treasury lay it all out. The problem is the IGR is based on one big lie. Treasurer Josh Frydenberg outlines how 30 years ago, for each person aged over 65, there were 6.6 people of “working age”. Today, there are four working age people and by 2060-61, there will only be 2.7 for each person aged over 65. In other words, the economy can’t afford an ageing population. You’d think workforce participation had gone down in the last 30 years, with worse to come. It hasn’t. The opposite has happened.

Australia Housing Loan Commitments Rise To Record High

Australia Housing Loan Commitments Rise To Record High
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