The January 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the eighth consecutive month and reached another record high, according to the Real Estate Institute of Australia (REIA).
“The seasonally adjusted value of new loan commitments for owner occupier housing rose 10.5 per cent in January and 44.3 per cent for the twelve months, rises being seen in all states and territories with the exception of the Northern Territory,” said Adrian Kelly, President of the Real Estate Institute of Australia.
Download the full media release here:
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
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