Housing finance numbers tumble

November 9th,2018

The September 2018 housing finance figures released today by the Australian Bureau of Statistics show the number of loans for housing continues to decline, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for September 2018 show, in trend terms that the number of owner-occupied finance commitments decreased by 0.5 per cent –the twelfth consecutive month of decreases. If refinancing is excluded, in trend terms, the number of owner-occupied finance commitments decreased by 0.9 per cent – also the twelfth consecutive month since an increase,” REIA President Malcolm Gunning said.

 

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