Housing Finance Numbers Confirm Market Feedback: REIA

July 11th,2018

The May 2018 housing finance figures released today by the Australian Bureau of Statistics show that the number of loans for housing has continued to decline over the last eight months, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for May 2018 show, in trend terms that the number of owner-occupied finance commitments decreased by 0.7 per cent –the eighth consecutive month of decreases. If refinancing is excluded, in trend terms, the number of owner-occupied finance commitments decreased by 0.6 per cent –the ninth consecutive month since an increase,” REIA President Malcolm Gunning said.