Despite the continued media reports of a housing boom in Melbourne and Sydney, the latest housing finance figures released today by the Australian Bureau of Statistics (ABS) reflect moderating activity in the housing market.
The Real Estate Institute of Australia (REIA) says the figures for September 2014 show, in trend terms, that the number of owner-occupied finance commitments fell by 0.2 per cent. This is the fourth consecutive month of falls. If refinancing is excluded, in trend terms for September, the number of owner-occupied finance commitments fell by 0.4 per cent. Download the full release here -
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