New Home Loans Reach Record $31bn on the Back of Owner-Occupier Loans

A sold sticker is seen over a for sale sign on an empty development plot in the new development of Bella Vista Waters in Sydney, Australia on Feb. 25, 2019. Mark Kolbe/Getty Images

Home loan commitments have risen to another new high in April, and financial regulators are pleased that it has not led to easing lending standards.

New figures from the Australian Bureau of Statistics show that new housing loans have risen 3.7 percent to a record high of $31 billion (US$23.8 billion), driven by owner-occupier loans.