The March 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing rose again after a fall in February which came after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).
The ABS figures show the seasonally adjusted value of new loan commitments for owner occupier housing increased by 5.5 per cent in March and was up 55.3 per cent for the twelve months.
REIA President, Adrian Kelly said the value of new loan commitments for the construction of new dwellings, however, fell for the first time since June 2020.
