First Home Buyer Loans Dip Slightly, but Housing Sector Still Robust

ABS data says Queensland leads growth in first-home buyer loans.

A man works on a construction site building new apartments in Melbourne, Australia on April 4, 2023. William West/AFP via Getty Images

The latest data from the Australian Bureau of Statistics (ABS) show that owner-occupier first-home buyer loans for August dipped 1.5 percent compared to July.

However, this slight decline contrasts sharply with a robust 9.2 percent increase from the same period last year, highlighting a strong year-on-year performance.