{"id":23192,"date":"2020-01-17T10:03:15","date_gmt":"2020-01-16T21:03:15","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23192"},"modified":"2020-01-17T10:03:28","modified_gmt":"2020-01-16T21:03:28","slug":"owner-occupier-home-loans-surge-in-november","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/owner-occupier-home-loans-surge-in-november\/","title":{"rendered":"Owner-occupier home loans surge in November"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  The ANZ\/Property Council of Australia <\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">Owner-occupier home loans jumped 10 per cent in November from a year earlier as access to credit eased and rising house prices across the eastern seaboard drew buyers back into the market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The increase in new mortgage commitments to owner-occupiers lifted the monthly total to a seasonally adjusted $13.4 billion, up 1.6 per cent from October&#8217;s $13.2 billion, official figures on Thursday showed. It was the highest monthly total since June 2018.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.136%2C$multiply_0.8201%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e8bfe70f7b9f4d9b25bac41cd1abbab1fd168578\" alt=\"\"\/><figcaption>Home buyer activity is concentrated on established dwellings.&nbsp;&nbsp;Peter Rae<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The rise helped drive a larger-than-expected monthly gain of 1.8 per cent in total lending \u2013 above expectations of a 1.4 per cent gain \u2013 and pushing the value of first home buyer loan commitments to a 10-year high.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The housing market is on its way back,&#8221; said CommSec chief economist Craig James.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.afr.com\/property\/residential\/owner-occupier-home-loans-surge-in-november-20200116-p53rvx\">AFR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The ANZ\/Property Council of Australia Owner-occupier home loans jumped<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/owner-occupier-home-loans-surge-in-november\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478108434,478098689,478098906,478103233,478108433,478108432,478099324,478108431],"class_list":["entry","author-data123nz","post-23192","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-mortage","tag-mortgage-approvals","tag-mortgage-lending","tag-mortgage-payments","tag-owner-occupier-mortgages","tag-property-council","tag-residential-property","tag-the-anz-property-council-of-australia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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