Housing finance declining across the board

February 9th,2018

The December 2017 housing finance figures released today by the Australian Bureau of Statistics show that lending for housing is declining across the board, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for December 2017 show, in trend terms that the number of owner-occupied finance commitments decreased by 0.3 per cent – the third consecutive month of decreases,” REIA President Malcolm Gunning said.