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
REIA News – December 2017
Property prices fall across Australia: REIA
Housing loan affordability improves, first home buyers flood market
REIA News – November 2017
First Home Buyers Increasing Proportion of Housing Market
CPI Shows Renters Benefitting From Increased Housing Investment
REIA News – October 2017
First Home Buyers driving increased lending