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Further evidence that the lower rate environment has stimulated demand for home loans was revealed in strong ABS December lending finance figures released yesterday.
According to the latest data, the total value of owner-occupied housing commitments rose 7.1 per cent, seasonally adjusted, in December to reach $13.506 billion.
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However other finance commitments remain weaker.
Consumers’ appetite for personal debt rose by a modest 4.1 per cent while commercial finance commitments rose just 1.8 per cent – barely recovering any of the 10.4 per cent decline recorded for November, to rest at $28.775 billion.
