New figures from the Australian Banking Association showing that the number of deferred loans has fallen below 300,000 is positive news for property markets, according to the Real Estate Institute of Australia (REIA).
REIA President Adrian Kelly said that the data signalled a reduction of nearly 70 per cent from the peak of the pandemic, where more than 900,000 loans were deferred by Australian banks, has seen financial disaster minimised.
Download the full media release here:
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021
REIA WELCOMES A RETURN TO NORMALITY AS RENTAL MORATORIUMS IN MOST MAJOR STATES END
SHOW US THE EVIDENCE FOR BENEFITS TO CUSTOMERS: MUTUAL RECOGNITION
REIA SIGNS INAUGURAL SPONSORSHIP AGREEMENT WITH REALESTATE.COM.AU
REIA REPORTS A RISE IN HOUSING AND RENTAL PRICES ACROSS MOST OF AUSTRALIA
COVID-19 PANDEMIC SEES FIRST HOME BUYERS INCREASE MARKET SHARE BY 50.4%
