Friday January 15, 2021
The Australian housing boom has officially arrived with data showing the total value of new home loan commitments and the value of owner-occupier loans reached record highs in November 2020.
Home loan commitments have reached record levels.
The value of new home commitments for owner-occupiers in Queensland in November was $3.6 billion. That compared with about $2 billion in May. NSW recorded owner-occupier commitments of almost $6 billion and Victoria $4.6 billion in the month.
Commitments from investors in Queensland are back above the level of February last…