Home loan commitments crash for the first time since May
New loan commitments for housing have declined for the first time since May 2020, but months of growth have ensured records have been maintained, new data has shown.
After eight consecutive months of growth, new loan commitments for housing fell 0.4 per cent to $28.6 billion in February 2021, the Australian Bureau of Statistics’ (ABS) Lending to Households and Business figures showed.
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