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Mortgage Business
Loan commitments continue record streak By Malavika Santhebennur 07 June 2021
New housing loan commitments soared to a record high of $31 billion, but construction loans for new dwellings recorded their second monthly fall since the launch of HomeBuilder, according to the ABS.
The Australian Bureau of Statistics’ (ABS) lending indicators data for April 2021 has revealed that new loan commitments reached a new record once again, up 3.7 per cent to $31 billion.
The value of owner-occupier new loan commitments also reached the highest point in the series, up 4.3 per cent to $23 billion.
Values in this segment rose in NSW (8.6 per cent), Victoria (8.4 per cent), South Australia (5.3 per cent), and in Queensland (1.3 per cent), but declined by 7.9 per cent in Western Australia after falling by 5.1 per cent in Mar
New loan commitments for housing rose 3.7 per cent in April 2021 (seasonally adjusted) to a record high of $31.0 billion according to statistics released.