The November 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 sixth consecutive month and reached a record high, according to the Real Estate Institute of Australia (REIA).
REIA President, Adrian Kelly said the seasonally adjusted value of new loan commitments for owner occupier housing rose 5.6% in November and 23.7% for the year, with rises seen in all states and territories.
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