Stimulus Package Has Kept Housing Sector Afloat But Uncertainties Loom

Stimulus Package Has Kept Housing Sector Afloat But Uncertainties Loom
A builder works on a house under construction in a file photo. Ian Waldie/Getty Images
Sophia Jiang
Updated:

The effect of the stimulus measures targeting the Australian housing industry is emerging latest official statistics reveal.

August housing finance figures released on Oct. 9 recorded a sharp monthly rise of 12.6 percent, with both owner-occupiers and investors making up the majority of those seeking finance for the third consecutive month, following historically large falls in May.