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AAP
AAP
Politics
Poppy Johnston

New home lending falls 8.2 pct in Sept

NAB Reserve Bank of Australia Compare Market

The value of new home loans fell 8.2 per cent in September as interest rates rises start to bite.

The Australian Bureau of Statistics reported the value of new loan commitments for housing fell to $25.1 billion in September after a 3.4 per cent fall in August.

The value of new owner-occupier loan commitments fell by 9.3 per cent in September, while the value of new investor loan commitments fell six per cent.

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