Sixth rise in housing finance figures gives more evidence of confidence

The number of Queenslanders getting finance approved for buying their own home has increased for the sixth month in a row, according to Australian Bureau of Statistics released today.  

Treasurer Curtis Pitt said the figures for February also showed Queensland recorded the strongest growth in housing finance for all states and territories in February at 0.7 per cent in trend terms.  

“We were followed by 0.5 per cent growth from January to February in Tasmania and zero growth or falls in other states and overall zero growth nationally,” he said.  

“This is the sixth month in a row that has seen a rise in the number of Queenslanders buying their own home.  

“It is an encouraging sign for the state’s property market but is also more hard evidence that confidence in Queensland’s economy is continuing to strengthen.” 

Mr Pitt said the ABS figures for the year to February showed Queensland recorded a 4.4 per cent increase in the number of housing finance commitments.  

“The Queensland Government is committed to creating the right conditions to grow jobs, deliver economic certainty and lift business confidence while further diversifying our post-mining boom economy,” he said.  

“Since January 2015, there have been 70,700 jobs created in Queensland.  

“More jobs mean more Queenslanders have the confidence to buy their first home, or upgrade their current home.  

“In turn, that feeds into general business confidence about our economy and the future,” Mr Pitt said.  

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