The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm fewer first home owner occupiers in the market.
The Real Estate Institute of Australia (REIA) says the figures for August 2016 show, in trend terms that the number of owner-occupied finance commitments fell by 1.3 per cent – the eighth consecutive month of declines. If refinancing is excluded, in trend terms for August, the number of owner-occupied finance commitments decreased by 1.2 per cent – the tenth consecutive month of decreases.
REIA President, Neville Sanders said “decreases were recorded in all states except Tasmania where there was an increase of 1.0 per cent. The largest decrease of 2.1 was in the Australian Capital Territory.”
FOR FULL MEDIA RELEASE CLICK HERE
Owner Occupiers Driving Up Housing Finance Commitments
Real Estate Industry Responds to Devastating Bushfires
REIA News – December 2019
REIA re-elects President for second term
Property market bounces back in Sydney, Melbourne: REIA
First home buyers take advantage of low interest rates: report
REIA News – November 2019
REIA News – September – October 2019