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 May 2016 show, in trend terms that the number of owner-occupied finance commitments fell by 0.2 per cent – the fourth consecutive month of slight declines. If refinancing is excluded, in trend terms for May, the number of owner-occupied finance commitments decreased by 0.3 per cent – the sixth consecutive month of decreases.
REIA President, Neville Sanders said “decreases were recorded in all states except South Australia and the Australian Capital Territory with the Northern Territory having the largest decrease of 1.4 per cent. The largest increase of 1.2 per cent was in the Australian Capital Territory. Tasmania and Victoria were flat.”
FOR FULL MEDIA RELEASE CLICK HERE
Property prices fall across Australia: REIA
Housing loan affordability improves, first home buyers flood market
REIA News – November 2017
First Home Buyers Increasing Proportion of Housing Market
CPI Shows Renters Benefitting From Increased Housing Investment
REIA News – October 2017
First Home Buyers driving increased lending
REIA News – September 2017