Housing finance lifts a little more
The pick-up in demand for housing finance continued during the month of November, even in the face of controversial increases in interest rates and lending margins that month, the Australian Bureau of Statistics reported.The number of new owner-occupier housing loans increased by 2.5 per cent to 50,500, which remains 12 per cent below the level of monthly commitments a year ago.The market share of banks fell to 83.9 per cent from 85.5 per cent, and reflecting a lift of 14 per cent in a month of the number of loans provided by building societies and credit unions.