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Refinancing high in December as new housing loans fell

The value of total housing loan refinancing between lenders fell 1.5 per cent but remained high at $19.1 billion in December 2022, according to data released today by the Australian Bureau of Statistics (ABS).

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Apartment approvals drive December increase

The total number of dwellings approved rose 18.5 per cent in December, in seasonally adjusted terms, according to data released today by the Australian Bureau of Statistics (ABS).

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12 Key Economic Stats for September Quarter

Our economy grew 0.6 per cent during the September quarter 2022, and 5.9 per cent compared to last year. This was the fourth consecutive quarter of growth since the COVID-19 Delta variant lockdowns. Household consumption drove the increase, growing 1.1 per cent. We spent more and saved less. The household …

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Economic activity increased 0.6 per cent in September quarter

Australian Gross Domestic Product (GDP) rose 0.6 per cent in seasonally adjusted chain volume terms in the September quarter 2022 and by 5.9 per cent through the year, according to figures released by the Australian Bureau of Statistics (ABS) today.

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Refinancing remained at record highs in October

The value of total new loan commitments for housing fell 2.7 per cent in October 2022 (seasonally adjusted), while the value of owner-occupier refinancing between lenders fell 1.3 per cent, according to data released today by the Australian Bureau of Statistics (ABS).

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Building approvals continue to fall in October

number of dwellings approved fell 6.0 per cent in October, in seasonally adjusted terms, following a 8.1 per cent decrease in September, according to data released today by the Australian Bureau of Statistics (ABS).

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Businesses turn to Australian made to ease supply chain pressure

One in two business owners (51%) would increase their use of Australian-based suppliers to tackle the country’s ongoing supply chain issues, new NAB research shows. The pandemic has highlighted the fragility of global supply chains. Heightened goods demand, factory closures, rising freight rates, a reliance on ‘just-in-time’ inventory systems and …

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Owner-occupier housing loans fell 9.3% in September

The value of new loan commitments for housing fell 8.2 per cent to $25.1 billion in September 2022 (seasonally adjusted), after a fall of 3.4 per cent in August, according to data released today by the Australian Bureau of Statistics (ABS).

Katherine Keenan, ABS Finance and Wealth Spokesperson, said: β€œThe value of new owner-occupier loan commitments fell by 9.3 per cent in September, while the value of new investor loan commitments fell 6.0 per cent.

"Although housing lending has fallen for four consecutive months, the value of loan commitments in September remained well above pre-pandemic levels. Owner-occupier loans in September were 23 per cent higher than in February

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Building approvals fall in September

The total number of dwellings approved fell 5.8 per cent in September, in seasonally adjusted terms, following a 23.1 per cent increase in August, according to data released today by the Australian Bureau of Statistics (ABS).

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Retail turnover up 0.6% in September

Australian retail turnover rose 0.6 per cent in September 2022, according to Retail Trade figures released today by the Australian Bureau of Statistics (ABS).Β 

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