The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm the actions by the regulators and banks to dampen investor demand for property is working, according to the Real Estate Institute of Australia (REIA).
“The value of investment housing commitments decreased by 1.0 per cent in April in trend terms. This is down 2.3 per cent from a year ago, in seasonally adjuster terms, and is well down from its 2015 peak,” Mr Malcolm Gunning, President of the REIA said.
FOR FULL MEDIA RELEASE CLICK HERE
Finalists battle it out for the Australasian Auctioneering Crown
REIA News – September 2018
Housing prices continue to fall: REIA
Renters, first home buyers see more affordable market: Report
REIA News – August 2018
Housing finance numbers continue fall
CPI good news for renters: REIA
REIA News – July 2018