Latest ABS home loan data for February reports that the number of home loans approved for owner-occupiers in Australia seasonally adjusted increased by 1.2 percent over the month.
National home loan numbers were up by 1.9 percent over the first two months of 2015 compared to the same period last year.
The largest year-to-date comparison increases in owner-occupied home loan activity seasonally adjusted was the ACT, with an increase of 6.4 percent.
Next best was Victoria on 6.2 percent followed by New South Wales 5.1 percent and Tasmania 4.9 percent.
The worst performing states over the first two months of this year compared to the same period last year were the Northern Territory down by 10.5 percent and Western Australia down 6 percent.
ABS home loan data for the purchase of dwellings (excluding refinancing) reveals a similar outcome for year-to-date comparisons.
The ACT, New South Wales and Victoria were the best performers with increases in loan value of 7.5 percent, 5.3 percent and 4 percent respectively.
The underperformers were again Western Australia down by 12.4 percent over the year and the Northern Territory falling by 10.1 percent.
National investor activity remains strong although seasonally adjusted loans for this group fell by 3.4 percent over February.
The value of residential investor loans however have increased by 15.7 percent over the first two months of 2015 compared to the same period last year.
Although the value of seasonally adjusted investor home loans fell over February, the proportion of investor loan activity compared to total value of home loan activity (excluding refinancing) increased over the month to 49.6 percent.
This remains just below the record high proportion of investor loan value compared to total home loan value of 50.7 percent recorded over December 2014.
Read more at Domain
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