The September 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the fourth second consecutive month, according to the Real Estate Institute of Australia (REIA).
“The seasonally adjusted value of new loan commitments for owner-occupied housing rose 5.9 per cent in September and 25.5 per cent for the year, with the rise seen in all states and territories, except Victoria and the Northern Territory," said Adrian Kelly, President of the Real Estate Institute of Australia.
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