Login
ISCOVER
The total value of owner-occupied housing commitments rose by a seasonally adjusted 2.0 per cent ($298 million) in November.
According to figures released yesterday by the the ABS, the increase was mainly due to a rise in the refinancing of established dwellings – up $221 million (5.9 per cent) and the purchase of established dwellings (excluding refinancing), which was up $169 million, or 1.8 per cent.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
These strong gains were offset by decreases in the purchase of new dwellings – which was down 6.8 per cent – and the construction of dwellings, down 3.6 per cent.
