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
Housing finance numbers on slippery slope: REIA
Housing and rental affordability improves across Australia: report
REIA News – November 2018
Housing finance numbers tumble
REIA calls for holistic approach to property taxation
CPI continues to be good news for home buyers and renters
REIA News – October 2018
Kiwi claims Australasia’s best auctioneer title
