The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show a continued increase in owner occupier lending and a decline in investor activity.
The Real Estate Institute of Australia (REIA) says the figures for December 2016 show, in trend terms that the number of owner-occupied finance commitments increased by 1.1 per cent. This increase is the similar to that of the last four months. If refinancing is excluded, in trend terms for December, the number of owner-occupied finance commitments increased by 0.5 per cent – the eighteenth consecutive month of increases.
REIA President, Neville Sanders said “increases were recorded in all states except Western Australia with the Australian Capital Territory having the largest increase of 1.6 per cent. Western Australia fell by 0.3 per cent.”
“In trend terms, the number of new dwellings purchase commitments increased by 1.3 per cent while new dwelling construction increased by 1.0 per cent and the purchase of established dwellings increased by 1.0 per cent.” Click HERE for Media release
Federal announcement of consumer credit reforms a positive for house listings Australia wide
REIA urges Victorian Government to safely restart Australia’s second biggest property market
Pandemic makes moderate impact on property: June Real Estate Market Facts
July Housing Finance Continues COVID Rollercoaster
Response to Tasmanian Government’s moratorium decision
Best rental affordability results since 2007: REIA
FIRST HOME LOAN SCHEME A WIN FOR BUYERS IN CITIES AND REGIONS
HOME OWNERSHIP FOR FIRST HOME BUYERS CRITICAL TO BUDGET 2020