The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show a continued increase in owner occupier lending.
The Real Estate Institute of Australia (REIA) says the figures for October 2015 show, in trend terms that the number of owner-occupied finance commitments increased by 0.8 per cent. This increase is the same as for the previous two months. If refinancing is excluded, in trend terms for October, the number of owner-occupied finance commitments increased by 0.8 per cent – the fifth consecutive month of increases.
REIA President, Neville Sanders says, “increases were recorded in New South Wales, Victoria, South Australia and the Australian Capital Territory with New South Wales having the largest increase of 1.8 per cent. The largest decrease was again recorded in the Northern Territory – down 1.3 per cent and the fourteenth consecutive month of decreases.”
“In trend terms, the number of new dwellings purchase commitments increased by 1.5 per cent while new dwelling construction remained unchanged and the purchase of established dwellings increased by 0.8 per cent”. Click HERE for full media release
REIA urges Victorian Government to safely restart Australia’s second biggest property market
Pandemic makes moderate impact on property: June Real Estate Market Facts
July Housing Finance Continues COVID Rollercoaster
Response to Tasmanian Government’s moratorium decision
Best rental affordability results since 2007: REIA
FIRST HOME LOAN SCHEME A WIN FOR BUYERS IN CITIES AND REGIONS
HOME OWNERSHIP FOR FIRST HOME BUYERS CRITICAL TO BUDGET 2020
REIA News – August 2020