The latest figures from the Australian Bureau of Statistics show that housing finance increased slightly in September.

The total number of seasonally adjusted loans net of refinancing increased by 1.2% as did (net) loans for established dwellings. However, the number of loans for the purchase of a new dwelling was up by 9% in September.

The figures also shows that the total number of seasonally adjusted loans for the construction and purchase of new homes increased by 5.1% in New South Wales, by 2.8% in Queensland, by 1.6% in Western Australia, by 28.1% in Tasmania, by 2.9% in the Northern Territory, and by 2.1% in the Australian Capital Territory.

The number of loans fell by 9.1% in Victoria and was down by 11.8% in South Australia.