Housing finance numbers continue dive

May 13th,2019

The March 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the number of loans for housing, excluding refinancing, continues to decline, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for March 2019 show, in trend terms that the number of owner-occupied finance commitments, excluding refinancing, decreased by 1.6 per cent – the eighteenth consecutive month of decreases and the lowest since December 2012,” REIA President Adrian Kelly said.