Australian home loan borrowers came flocking back in November last year, driving a rebound in the overall value of home loan commitments for housing. Figures released by the Australian Bureau of Statistics (ABS) showed that the value of new home loans jumped by 6.3 per cent in November 2021, representing the biggest rise in 10 months, to a total of $31.4 billion, in the same month that credit costs began to rise and the Australian Prudential Regulation Authority lifted the serviceability buffer requirement for lenders.