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Housing boom becomes official as billions flow into new home lending

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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…



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