The December 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 seventh consecutive month and reached a record high, according to the Real Estate Institute of Australia (REIA).
“The seasonally adjusted value of new loan commitments for owner occupier housing rose 8.6 per cent in December and 31.2 per cent for the year. Rises were seen in six of the states and territories except South Australia and the Northern Territory, with Victorian commitments increasing by 20.1 per cent”, said Adrian Kelly, President of the Real Estate Institute of Australia.
Download the full media release here:
COVID-19 PANDEMIC SEES FIRST HOME BUYERS INCREASE MARKET SHARE BY 50.4%
HOUSING FINANCE RECORDS CONTINUE TO TUMBLE IN 2021
REIA News – February 2021
REGIONAL PREFERENCES MEANS REGIONAL REFORM FOR HOUSING IS NEEDED
SHOW WILL GO ON FOR AUSTRALIAN REAL ESTATE AS FACEBOOK REMOVES POSTS
REIA LISTS 12 PRIORITIES FOR THE FEDERAL GOVERNMENT TO ADDRESS IN THE BUDGET
REIA News – January 2021
RENTS RECOVERING FROM COVID IMPACT
