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Jan 16, 2021

Bumper borrowings flow to housing sector

Bumper borrowings flow to housing sector

Australians are borrowing more money for housing than ever before, according to the latest Australian Bureau of Statistics figures. Data released his week showed the total value of new loan commitments for housing reached a record high in November 2020, rising 5.6 per cent to $24 billion (seasonally adjusted). This represented a 23.7 per cent…

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