February 2022

February 2022

April 1, 2022

The value of new home loans (excluding refinancing) declined a seasonally adjusted 3.7% in February but remained up 12.6% over the year. The February decline was mainly driven by a 4.7% drop in owner-occupier loans, with loans to first home buyers plunging 9.7%. Loans to investors retreated 1.8% from a record high in January and were up 55.8% over the year.

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