Housing Finance Continues to Decline

March 13th,2018

The January 2018 housing finance figures released today by the Australian Bureau of Statistics show that lending for housing continues to decline across the board, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for January 2018 show, in trend terms that the number of owner-occupied finance commitments decreased by 0.7 per cent – not only the fourth consecutive month of decreases but also the largest of the four decreases,” REIA President Malcolm Gunning said.