Moderating Housing Finance

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm a moderating housing market.

The Real Estate Institute of Australia (REIA) says the figures for October 2016 show, in trend terms that the number of owner-occupied finance commitments fell by 0.9 per cent – the tenth consecutive month of slight declines.  If refinancing is excluded, in trend terms for October, the number of owner-occupied finance commitments decreased by 0.8 per cent – the twelfth consecutive month of decreases.

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