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:
REIA News – November 2020
REIA SEEKS NEW FOREIGN INVESTMENT FEE STRUCTURE FOR RESIDENTIAL PROPERTY SECTOR
NSW BUDGET SHOWS IT IS TIME TO GET SERIOUS ABOUT STAMP DUTY: REIA
RBA IMPROVES HOUSING AFFORDABILITY IF BANKS PASS ON CUT
SEPTEMBER HOUSING FINANCE REFLECTS IMPROVING HOUSING SENTIMENT
REIA News – October 2020
RENTS RECORD FIRST ANNUAL FALL
REIA PRESIDENT CALLS ON THE REAL ESTATE INDUSTRY TO REMAIN VIGILANT AS STATE BORDERS REOPEN
