Economic Buzz: Australias Home Loan Rise 2.1% In May

4 Jul 2022 , 11:42 AM

The value of owner-occupied home loans issued in Australia was up a seasonally adjusted 2.1 percent on month in May, the Australian Bureau of Statistics reported – coming in at A$21.18 billion. In May, the value of new loan commitments: rose 1.7 percent for housing; rose 5.1 percent for personal fixed term loans; fell 3.5 percent for business construction; and rose 19.5 percent for business purchase of property. In May, the value of new loan commitments for total housing rose 1.7 percent to A$32.4 billion after a revised fall of 2.8 percent in April.Powered by Commodity Insights