Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Australian mortgage lending falls 2%

  • Comment

The total value of mortgage lending in Australia fell by more than 2 per cent in January, official figures have revealed.

Data published by the Australian Bureau of Statistics this week showed that Aus$20,808million of home loans were handed out in January 2012.

This was down a seasonally adjusted 2.3 per cent from the previous month, with finance handed out for new homes down 6.0 per cent.

It comes as a fresh blow for the stuttering Australian built environment recovery.

The Royal Institution of Chartered Surveyors said in February that weak labour force data and consumer confidence was keeping demand for housing low.

Meanwhile data from the Australian Bureau of Statistics showed building approvals fell in December 2011. 

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.