The February 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the number of loans for housing, excluding refinancing, continues to decline, according to the Real Estate Institute of Australia (REIA).
“Overall the figures for February 2019 show, in trend terms that the number of owner-occupied finance commitments, excluding refinancing, decreased by 1.4 per cent – the seventeenth consecutive month of decreases and the lowest since January 2013,” REIA President Adrian Kelly said.
Download the full media release here:
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