Australian December Home Loans down – Recap

By: Eamonn Sheridan

Australian home-loan approvals fell a seasonally adjusted 1.5 per cent in December from November, for a third month, State governments in New South Wales and Queensland withdrew first home buyer concessions for established properties) The total value of loans down 2.6% in December. The value of lending to owner-occupiers declined 2.7% The value of loans to investors who plan to rent or resell homes down 2.4% First-home buyers accounted for 14.9% of dwellings that were financed in December (down from 15.8% in November and 21.1% down y/y) More at Bloomberg