A recent update declared by the Australian Bureau of Statistics (ABS) has revealed that the seasonally adjusted value of new loan commitments for housing increased by 1.8 per cent in November 2019. The ABS data also incorporated the following details:
- New loan commitments fell by 1.4 per cent for personal fixed term loans in seasonally adjusted terms in November, following a rise of 2.2 per cent in October.
- Loan commitments to first home buyers (owner occupier) declined by 0.9 per cent in November subsequent to a 0.4 per cent fall in October.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.