August 2022

August 2022

October 4, 2022

The value of new home loans (excluding refinancing) fell a seasonally adjusted 3.4% in August, following an 8.5% drop in the previous month. The market consensus was for a 4.0% decline in August. Western Australia was the only mainland state to see a rise in new home loans in August (+7.2%) and recorded the smallest annual decline in loan commitments of all the states (-5.3%).

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