QLD Brisbane - Strongest increase in finance for investing

Discussion in 'Where to Buy' started by See Change, 17th Oct, 2019.

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  1. See Change

    See Change Well-Known Member

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    5601.0 - Lending to households and businesses, Australia, Aug 2019

    “Strong refinancing activity was seen for the second month in a row, while new lending commitments for investment dwellings recorded the strongest monthly growth since September 2016.”

    The value of new lending commitments for owner occupier dwellings rose 1.9 per cent nationally in August, with rises in all states and territories apart from the Northern Territory. New lending commitments for investment dwellings rose 5.7 per cent in August, with Queensland (up 10.4 per cent) and Victoria (up 9.5 per cent) recording the strongest growth.

    Good news for all those parked in Brisbane , waiting to put another house on their monopoly board .

    Cliff
     
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  2. gman65

    gman65 Well-Known Member

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  3. Danieljk101

    Danieljk101 Well-Known Member

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  4. gman65

    gman65 Well-Known Member

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    Yes, it's a superset of Brisbane
     
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  5. See Change

    See Change Well-Known Member

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  6. icic

    icic Well-Known Member

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  7. RaoulDuke66

    RaoulDuke66 Well-Known Member

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  8. gman65

    gman65 Well-Known Member

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    Nobody said anything about "crashes" due to moderate unemployment.. It's more that lack of high employment growth and wage growth continue to hold back Brisbane from a proper "boom".
     
  9. RaoulDuke66

    RaoulDuke66 Well-Known Member

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    Apart from every mainstream economist obviously.