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Housing finance activity slides in June

By webmaster 10 August 2010 | 1 minute read

Housing finance activity declined again in June, according to the latest figures from the Australian Bureau of Statistics (ABS), off the back of the slowing housing market.

he total value of home loans written in Australia fell 1.9 per cent in June to $20.710 billion, seasonally adjusted, the ABS figures showed.

Total loans for owner occupied homes fell 3.9 per cent, month-on-month, to be down by 28 per cent compared to one year ago.

First home buyer commitments as a percentage of all loan commitments also fell to 16 per cent, compared to 27.1 per cent in June 2009, when the boost to the first home owner grant was still in full swing.

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12 MONTH GROWTH

array(10) { [0]=> object(stdClass)#16757 (4) { ["postcode"]=> string(4) "3885" ["suburb"]=> string(7) "Bruthen" ["median_twelve_month_growth_percent"]=> string(15) "49.770642201835" ["link"]=> string(22) "/data/vic/3885/bruthen" } [1]=> object(stdClass)#16771 (4) { ["postcode"]=> string(4) "4551" ["suburb"]=> string(12) "Moffat Beach" ["median_twelve_month_growth_percent"]=> string(15) "48.888888888889" ["link"]=> string(27) "/data/qld/4551/moffat beach" } [2]=> object(stdClass)#16756 (4) { ["postcode"]=> string(4) "3550" ["suburb"]=> string(10) "Flora Hill" ["median_twelve_month_growth_percent"]=> string(15) "48.678414096916" ["link"]=> string(25) "/data/vic/3550/flora hill" } [3]=> object(stdClass)#16740 (4) { ["postcode"]=> string(4) "5084" ["suburb"]=> string(7) "Kilburn" ["median_twelve_month_growth_percent"]=> string(15) "47.058823529412" ["link"]=> string(21) "/data/sa/5084/kilburn" } [4]=> object(stdClass)#16735 (4) { ["postcode"]=> string(4) "4415" ["suburb"]=> string(5) "Miles" ["median_twelve_month_growth_percent"]=> string(15) "46.153846153846" ["link"]=> string(20) "/data/qld/4415/miles" } [5]=> object(stdClass)#16728 (4) { ["postcode"]=> string(4) "6714" ["suburb"]=> string(10) "Pegs Creek" ["median_twelve_month_growth_percent"]=> string(15) "46.153846153846" ["link"]=> string(24) "/data/wa/6714/pegs creek" } [6]=> object(stdClass)#16755 (4) { ["postcode"]=> string(4) "2000" ["suburb"]=> string(9) "the Rocks" ["median_twelve_month_growth_percent"]=> string(15) "46.103896103896" ["link"]=> string(24) "/data/nsw/2000/the rocks" } [7]=> object(stdClass)#16752 (4) { ["postcode"]=> string(4) "7304" ["suburb"]=> string(10) "Mole Creek" ["median_twelve_month_growth_percent"]=> string(15) "45.833333333333" ["link"]=> string(25) "/data/tas/7304/mole creek" } [8]=> object(stdClass)#16782 (4) { ["postcode"]=> string(4) "4357" ["suburb"]=> string(10) "Millmerran" ["median_twelve_month_growth_percent"]=> string(15) "45.714285714286" ["link"]=> string(25) "/data/qld/4357/millmerran" } [9]=> object(stdClass)#16747 (4) { ["postcode"]=> string(4) "4567" ["suburb"]=> string(14) "Sunshine Beach" ["median_twelve_month_growth_percent"]=> string(15) "45.632798573975" ["link"]=> string(29) "/data/qld/4567/sunshine beach" } }

Bruthen

49.77%
Moffat Beach

48.89%
Flora Hill

48.68%
Kilburn

47.06%
Miles

46.15%
Pegs Creek

46.15%
the Rocks

46.1%
Mole Creek

45.83%
Millmerran

45.71%
Sunshine Beach

45.63%

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Housing finance activity slides in June

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