The May 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the largest monthly fall in the history of the series with the value of loans for housing falling by 11.6 per cent in seasonally adjusted terms, according to the Real Estate Institute of Australia (REIA).
“The fall is not unexpected with feedback from agents during May, as restrictions on movements throughout the month were in place and a general air of caution about the economy and its impact on activity in the housing market prevailed, suggesting that this would be the case,” said Adrian Kelly, President of the Real Estate Institute of Australia.
Download the full media release here:
RENTS RECORD FIRST ANNUAL FALL
REIA PRESIDENT CALLS ON THE REAL ESTATE INDUSTRY TO REMAIN VIGILANT AS STATE BORDERS REOPEN
MORTGAGE REPAYMENT RESUMPTION PROMISING SIGN FOR PROPERTY MARKET
BUDGET 2020: ADDRESS ON THE AUSTRALIAN HOUSING & PROPERTY SECTOR BY MINISTER THE HON MICHAEL SUKKAR TO THE REAL ESTATE INSTITUTE OF AUSTRALIA
AUGUST HOUSING FINANCE SHOW LARGEST EVER MONTHLY INCREASE, IMPACTS FROM VICTORIA’S STAGE 4 YET TO BE SEEN
BUDGET 2020: A STRONG BUDGET IF FORECASTS BECOME REALITY
REIA QUESTIONS FOCUS OF 10,000 NEW PLACES FOR FIRST HOME BUYERS
REIA News – September 2020