HOUSING FINANCE RECOVERS SLIGHTLY

Written on the 8 June 2011

HOUSING FINANCE RECOVERS SLIGHTLY

THE number of owner-occupied home loans approved across the country recovered well in April after hitting a 10-year low in March, according to the latest ABS statistics.

The 47,347 loan commitments approved in April show a 4.8 per cent (seasonally adjusted) increase over March, where housing finance hit its lowest level since February 2001.

New houses under finance recorded the strongest growth at 9.4 per cent to 2038, while the purchase of established dwelling was up 5.1 per cent to 40,757.

However finance for the construction of new dwellings posted the worst figures, remaining flat at 4553, up 0.4 per cent on March.

The value of owner occupied housing under finance rose 6.3 per cent to about $13.8 billion. Finance for investment housing however dropped by 1.6 per cent to $6.04 billion.

Total housing under finance across the country equates to $19.85 billion, up 3.8 per cent on March.


Latest News

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

VILLA WORLD POSTS FOURTH CONSECUTIVE PROFIT GROWTH AS IT EXPANDS INTERSTATE OFFERING

RESIDENTIAL property developer Villa World (ASX: VLW) has posted its fourth consecutive full-year profit growth, a...

UNDER-FIRE AVEO DOUBLES FY PROFIT, SHARES SURGE NEARLY 10 PER CENT

SHARES in retirement village operator Aveo Group (ASX: AOG) have surged 10 per cent after announcing its profit after...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

Related News

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

AUSTRALIA'S LARGEST MARKETING CONFERENCE SET TO SHOWCASE INTERNATIONAL INDUSTRY LEADERS

THE ASSOCIATION for Data-driven Marketing and Advertising (ADMA) has announced the finalised list of speakers for ...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter