Investor housing finance on downward trend

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm finance approvals for investor housing are on a downward trend, according to the Real Estate Institute of Australia (REIA).

“The value of investment housing commitments decreased by 1.5 per cent in May in trend terms. This follows a fall in the previous month and is well down from its 2015 peak”, REIA President Malcolm Gunning said.