The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show that first home buyers are returning to the market as finance approvals for investor housing trend downward, according to the Real Estate Institute of Australia (REIA).
“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA President Malcolm Gunning said.
Download the full media release here:
Finalists battle it out for the Australasian Auctioneering Crown
REIA News – September 2018
Housing prices continue to fall: REIA
Renters, first home buyers see more affordable market: Report
REIA News – August 2018
Housing finance numbers continue fall
CPI good news for renters: REIA
REIA News – July 2018