However, the recent growth has been from borrowers refinancing rather than from new mortgages, going by trend terms Australian Bureau of Statistics figures.

The ABS estimated there were 1027 finance commitments for owner-occupied housing in August.

It was a second consecutive month of growth and the highest monthly total since March.

Monthly commitments remained quite high by historic standards.

They topped 1100 in late 2018, but dropped as low as the 700s in 2011.

August commitments excluding refinancing decreased by one to 717 and had fallen for nine months straight from a peak of 806 in November.

November was their strongest month since 2009.

The effects of the recent run of interest rate cuts are yet to fully wash into the figures.

Meanwhile, Tasmanian home building starts have begun to drop off after a strong run of growth.

The ABS estimated the number of starts in the June quarter dropped by 3.5 per cent to 734 in trend terms.

Housing completions continued to increase strongly.

They increased by 4.7 per cent to 737 during the quarter and were up by 12.3 per cent compared to the June quarter of 2018.

State Treasury analysis said the estimated value of total building work started in Tasmania in the year to the June quarter was $1.54 billion.

That was 17.7 per cent more than in the previous year.

The value of non-residential building work started was up by 40.2 per cent to $604 million.

The value of residential building work rose by 6.5 per cent to $932 million.

The Reserve Bank cut the cash rate three times in recent months, to a record low of 0.75 per cent.

Lenders have generally not passed on the full cuts to borrowers.

More cuts might be on the way.

On October 1, Reserve Bank governor Philip Lowe said: "The board will continue to monitor developments, including in the labour market, and is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time."