The number of new loan commitments to first home buyers increased by 1.9 per cent to 11,622 over November – the first time in nine months the total has grown. But, it was 17.4 per cent lower than a year before. First home buyer activity in Victoria grew, with new home loans up by 12.3 per cent over the month, but it was 6.7 per cent lower than it was in November 2020. Other regions reported growth, including NSW (which was up 2.2 per cent from October), the ACT (up 27.1 per cent), Western Australia (increasing 1.3 per cent) and the Northern Territory (growing by 22.5 per cent).The only states to record declines were Queensland (-1.5 per cent), South Australia (-4.6 per cent), and Tasmania (-15.8 per cent).
Source: Sam Nichols MortgageBusiness