The value of loans for housing continues to be positive with the increase being driven by owner occupiers, according to the Real Estate Institute of Australia (REIA).
These figures were revealed by the December 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics.
“Overall the figures for December 2019 show, in seasonally adjusted terms, that the value of owner-occupied finance commitments, excluding refinancing, increased by 5.1 per cent for the month and 17.9 per cent for the past year. The value increased in all states and territories except Tasmania” said Mr Adrian Kelly, President of the REIA.
Download the full media release here:
RENTAL EVICTION MORATORIUMS SHOULD BE REVISITED BY NATIONAL CABINET
HOUSING CONTINUES ITS RECORD RUN
HOUSING MARKET READY TO BE PUT TO THE TEST IN 2021
OCCUPATIONAL MOBILITY MUST SERVE PROPERTY CUSTOMERS: REIA SAYS
REIA News – December 2020
MYEFO POINTS TO GAINS FOR THE PROPERTY MARKET PROMPTED BY QUICKER ECONOMIC RECOVERY
REIA WELCOMES STATE OF THE NATION’S HOUSING REPORT
RE-ELECTED REIA PRESIDENT, ADRIAN KELLY SAYS MEMBERS ARE REPORTING STRONG RECOVERY AFTER CHALLENGING YEAR