The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) reflect flat lending activity for housing suggesting that the heat is coming out of the housing market.
The Real Estate Institute of Australia (REIA) says the figures for May 2015 show, in trend terms, that the number of owner-occupied finance commitments fell by 0.2 per cent. This fall follows nine consecutive months of increases through to March. If refinancing is excluded, in trend terms for May, the number of owner-occupied finance commitments fell by 0.9 per cent.
REIA elects new president
House price drop largest in 7 years: REIA
Housing finance numbers on slippery slope: REIA
Housing and rental affordability improves across Australia: report
REIA News – November 2018
Housing finance numbers tumble
REIA calls for holistic approach to property taxation
CPI continues to be good news for home buyers and renters
