Record High in New Loan Commitments for Housing – The total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in October 2020. The total value of new loan commitments for housing rose 0.7 per cent to $22.7 billion in October, seasonally adjusted.
When one of our members sought advice about an unpaid debt, we were able to help.
An email was intercepted between a tradie and a builder. An attached invoice from the tradie was doctored and $51K went to a hackers bank account.
Each quarter, CommSec attempts to find out how are Australia’s states and territories performing. They do this by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of “normal” interest rates; CommSec have done the same with the economic indicators.
The number of loans for the construction of a new dwelling increased by 27.1 per cent in the month of September 2020. This is the highest result since the Australian Bureau of Statistics (ABS) commenced collection of this data in 2002. The ABS building approvals, released on 3 November, which is a more lagged indicator of future building work shows the third strongest month of approvals for detached houses in the past 16 years.
HomeBuilder provides consumer confidence to enter housing market.
Building Industry Credit Bureau
Unit 9/39 Jeays St, Bowen Hills QLD 4006
Phone: 1800931221
Monday: 8.00 am–4.00 pm
Tuesday: 8.00 am–4.00 pm
Wednesday: 8.00 am–4.00 pm
Thursday: 8.00 am–4.00 pm
Friday: 8.00 am-4.00 pm
Saturday: Closed
Sunday: Closed
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