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.
Download the full media release here:
COVID-19 PANDEMIC SEES FIRST HOME BUYERS INCREASE MARKET SHARE BY 50.4%
HOUSING FINANCE RECORDS CONTINUE TO TUMBLE IN 2021
REIA News – February 2021
REGIONAL PREFERENCES MEANS REGIONAL REFORM FOR HOUSING IS NEEDED
SHOW WILL GO ON FOR AUSTRALIAN REAL ESTATE AS FACEBOOK REMOVES POSTS
REIA LISTS 12 PRIORITIES FOR THE FEDERAL GOVERNMENT TO ADDRESS IN THE BUDGET
CHRISTMAS GIFT FOR HOUSING AS LENDING FINISHES IN 2020 ON A RECORD HIGH
REIA News – January 2021