ABS Updated on New Loan Commitments for Housing During March 2020

May 07, 2020 12:12 PM AEST
Team Kalkine

On 6 May 2020, ABS highlighted that the value of new loan commitments for housing improved by 0.2% in March 2020, seasonally adjusted.

The value of new loan commitments for owner occupier housing increased by 1.2%. On the other side investor housing dropped by 2.5%.

During March 2020, the value of new loan commitments for fixed-term personal finance slipped 8.2% due to lower lending for road vehicles along with the severe decline in much smaller travel & holiday series.

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