Following the historic fall in the value of loans in May, the August 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the third second consecutive month, according to the Real Estate Institute of Australia (REIA).
“The seasonally adjusted value of new loan commitments for owner-occupied housing rose 12.6 per cent in August and 19.3 per cent for the year, with the rise seen in all states and territories, except the Northern Territory,” said Adrian Kelly, President of the Real Estate Institute of Australia.
“The largest increases in the value of new loan commitments were in Victoria, Queensland and New South Wales.
Download the full media release here:
Our Team
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
