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Record housing loan commitments continue in December: Australia

first_imgRecord housing loan commitments continue in December: Australia The total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in December 2020, according to the latest Australian Bureau of Statistics (ABS) figures released today.The total value of new loan commitments for housing rose 8.6 per cent to $26 billion in December 2020, seasonally adjusted, a 31.2 per cent increase on December 2019.The value of new owner occupier home loan commitments rose 8.7 per cent to $19.9 billion in December 2020, 38.9 per cent higher than December 2019.ABS head of Finance and Wealth, Amanda Seneviratne, said: “Loan commitments for existing dwellings accounted for 53 per cent of December’s rise in owner occupier housing loan commitments, while construction of new dwellings accounted for 32 per cent.”“The value of construction loan commitments grew 17.1 per cent in December, more than doubling since the June implementation of the HomeBuilder grant.“Federal and state government measures, such as HomeBuilder, and historically low interest rates are supporting ongoing growth in housing loan commitments”, Ms Seneviratne said.Owner occupier first home buyer loan commitmentsIn December, the number of owner occupier first home buyer loan commitments rose 9.3 per cent to reach 15,205 (seasonally adjusted), a 56.6 per cent rise since December 2019.This is the highest level since June 2009, when similar rapid growth was spurred by the temporary tripling of the first home owner grant; part of the federal government’s economic support package in response to the global financial crisis.States and territoriesThe value of owner occupier home loan commitments rose across most states and territories.Victorian owner occupier home loan commitments rose sharply, up 20.1 per cent in seasonally adjusted terms in December, after a 19.6 per cent rise in November. This reflects a resurgence in housing market activity that began in October as COVID-19 restrictions were eased in Victoria.Loan commitments for investor housing and personal financeThe total value of loan commitments for investor housing rose 8.2 per cent to reach $6 billion.The value of new loan commitments for fixed term personal finance fell 0.5 per cent in November, seasonally adjusted, due to a fall in commitments for non-housing personal investment.The ABS appreciates the continued support of the Australian Prudential Regulation Authority (APRA) and lending institutions in providing the data used to compile this publication and for the additional data insights being provided by lending institutions. /ABS Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ABS, abs data, Australia, Australian, Federal, federal government, financial crisis, first home buyer, global financial crisis, Government, home buyer, HomeBuilder, Investment, Investor, record high, regulation, statistics, Victorialast_img read more


‘Frank was well known, well liked and well respected’ – Kavanagh

first_img Nine til Noon Show – Listen back to Monday’s Programme ‘Frank was well known, well liked and well respected’ – Kavanagh By News Highland – March 28, 2020 Twitter Facebook Pinterest Google+ Publicans in Republic watching closely as North reopens further AudioHomepage BannerNews Facebook Renewed calls for full-time Garda in Kilmacrennan There is shock and sadness in the county at news of the death of well known disability advocate Frank Larkin.He made a huge contributions to advocating for better conditions for people with disabilities all over Donegal and he volunteered with Spina Bifida Hydrocephalus Ireland both locally and nationally.Through his work with Donegal Centre for Independent Living, he was involved in a range of different projects both at home and further afield.Councillor Jimmy Kavanagh paid tribute to Frank as a well known, well liked and well respected man:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/03/Frank-Larkin.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img Twitter RELATED ARTICLESMORE FROM AUTHOR Previous articleLUH continues to prepare for increase in Covid-19 patientsNext articleHealth Minister confirms construction workers NOT essential workers News Highland Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Arranmore progress and potential flagged as population grows Community Enhancement Programme open for applications WhatsApp WhatsApplast_img read more


Police Probe Theft Of Toyota Pickup Near Moffat

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to LinkedInLinkedInLinkedInPOLICE in Moffat are appealing for witnesses after a dark grey coloured Toyota Hilux was stolen from Capplegill near Moffat in the early hours of Tuesday morning (15th October 2019).A police spokesperson said “The registration number of the stolen vehicle is PY64 KKO and it has an aluminium cab on the back. Any sightings or information please call Police Scotland on 101 quoting the reference 0556 15/10.”last_img read more


IndyCar reports improved TV ratings on NBCSN

first_imgSimon Pagenaud's car was fined $2,500 for blocking the path of Josef Newgarden in Sunday's season-ending IndyCar Series race.Simon Pagenaud’s car was fined $2,500 for blocking the path of Josef Newgarden in Sunday’s season-ending IndyCar Series race.IndyCar reported an average of 841,000 viewers – a year-over-year increase of 123 percent — for Sunday’s season finale on NBCSN, making the Sonoma Raceway event the most-watched series race on cable since 2008.IndyCar’s decision to move the final race to a better time slot proved to be wise. Last year, finishing the race at Auto Club Speedway after midnight resulted in average viewership of 377,000. The final 15 minutes of Sunday evening’s race realized 1.048 million viewers. Both races were held on the West Coast.NBCSN’s 11 races averaged 507,000 viewers.The average was boosted by NBCSN carrying NASCAR races for the first time.Also Wednesday, IndyCar announced penalties from the Sonoma race. Simon Pagenaud’s car was fined $2,500 for blocking Josef Newgarden on pit lane. For running over another car’s air hose, Josef Newgarden’s entry was docked $500.Honda lost 80 manufacturer points for unapproved engine changes on the cars of Jack Hawksworth, Takuma Sato, Graham Rahal and Carlos Munoz.Follow Curt Cavin on Facebook and Twitter: @curtcavinlast_img read more


‘The View’ co-host Sunny Hostin: debating Colin Kaepernick’s Nike ad “the most American thing” people can do

first_imgABC/Heidi Gutman(NEW YORK) — During the 22nd season premiere of ABC’s The View Tuesday, the hosts discussed the backlash centering around Nike’s new “Just Do It” campaign, featuring former pro football player Colin Kaepernick, who sparked controversy in 2016 by taking a knee during the national anthem in protest against police brutality in against African Americans.Some have responded to the add by destroying or burning their Nike gear and calling for a boycott of the brand. That touched off a debate between View co-hosts Whoopi Goldberg, Joy Behar and frequent contributor Sunny Hostin, who squared off against the show’s newest panelist, Abby Huntsman — the lone voice speaking out against the Kaepernick ad. Hostin tells ABC Radio that she welcomes the passionate response on both sides of the issue, calling it “the most American thing” people can do.“At this point in our country, no one should be on the sidelines. It’s just too important,” she says. “When I’m buying something, I do wanna know what the position is of the corporation. I wanna know that you’re being a good corporate citizen, that your values are in line with my values.”Adds Hostin, “I’m gonna go out and buy more Nikes…because I understand their position and I understand Colin Kaepernick’s position.”“Of course you can burn your Nikes, just like you can kneel during the national anthem,” she argues. “And I’m shocked that people don’t understand the parallels there. It’s fascinating to me.”“This is, you know, what should be happening in this country,” she explains. “When it isn’t happening in this country and speech is squelched, then people should be concerned…Boycotting is one of the most American things you can do.” On Monday, Hostin retweeted Kaepernick’s earlier post, featuring a picture of the ad.Copyright © 2018, ABC Radio. All rights reserved.last_img read more