Home loan activity reached a record high in December
According to the latest data from the Australian Bureau of Statistics, in a sign the property market remains strong.
Australians committed to $32.8 billion of mortgages in December, which was 4.4% higher than the month before and 26.5% higher than the year before. The breakdown was:
· Owner-occupier loans = $22.5 billion (up 5.3% monthly, 12.4% annually)
· Investor loans = $10.3 billion (up 2.4% monthly, 73.9% annually)
