Aussies added $10 billion in housing loans in a month, to now owe $1.561 trillion on homes

AUSSIES added billion in home loans in one month, bringing total outstanding housing loans to a whopping .561 trillion, latest official data shows. Australian Bureau of Statistics housing finance data for December showed housing loan outstandings jumped 0.7 per cent between November and December last year, with owner occupied loans hitting .016 trillion and investment housing loans at 5 billion. “The total value of dwelling commitments excluding alterations and additions (trend) rose 0.8 per cent in December 2016 compared with November 2016, and the seasonally adjusted series rose 0.4 per cent in December 2016.” #1778