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
Housing Finance Numbers Confirm Market Feedback: REIA
Property market rationalisation underway: REIA
REIA News – June 2018
Real Estate Industry on Pathway to Professionalism
Australian Capital Cities Median House Price Falls: REIA
Housing Affordability Improves Across Australia: Report
REIA News – May 2018
Six Month Decline in Housing Finance Numbers
