Strong Australian Housing Finance Demand Factors to Comfortable Touchdown for Financial system

SYDNEY—Demand for Australian housing stays strong with the worth and variety of new loans climbing in November regardless of a report surge in mortgage rates of interest over the past year-and-a-half.

The worth of recent owner-occupier dwelling mortgage commitments rose 0.1% in November, whereas the variety of loans being written elevated by 1.0%, the Australian Bureau of Statistics mentioned Friday.