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:
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021
