The value of household lending excluding refinancing fell 5.9 per cent in December, dragged down by an 8.2 per cent plunge in the number of owner-occupier lending commitments.
The value of home loans to owner occupiers fell 6.4 per cent over the month and 16.2 per cent over the year to December to $12.495 billion, according to seasonally adjusted figures released Tuesday by the Australian Bureau of Statistics.
The number of owner-occupier commitments fell 8.2 per cent to 32,102, taking the annual decline to 14.4 per cent.
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