Following the historic fall in the value of loans in May, the June 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics, show the value of new loan commitments for housing has rebounded, according to the Real Estate Institute of Australia (REIA).
“The value of new loan commitments for owner occupier housing rose 5.5 per cent in June and 8.7 per cent for the year with the majority of the rise in Queensland and New South Wales, while Victoria has declined,” said Adrian Kelly, President of the Real Estate Institute of Australia.
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REIA News – March 2021