The April 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the value of loans for housing fell by 5.0 per cent in seasonally adjusted terms with the decrease being driven by owner occupiers purchase of existing dwellings, according to the Real Estate Institute of Australia (REIA).
“The value of new loan commitments for both owner occupiers and investors displayed the largest fall in twelve months and the purchase of existing dwellings experienced the largest fall in over a decade,” said Mr Adrian Kelly, President of the REIA.
Download the full media release here:
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021
REIA WELCOMES A RETURN TO NORMALITY AS RENTAL MORATORIUMS IN MOST MAJOR STATES END
SHOW US THE EVIDENCE FOR BENEFITS TO CUSTOMERS: MUTUAL RECOGNITION
REIA SIGNS INAUGURAL SPONSORSHIP AGREEMENT WITH REALESTATE.COM.AU
REIA REPORTS A RISE IN HOUSING AND RENTAL PRICES ACROSS MOST OF AUSTRALIA
COVID-19 PANDEMIC SEES FIRST HOME BUYERS INCREASE MARKET SHARE BY 50.4%
