A NEW RECORD IN HOUSING FINANCE APPROVALS

June 4th,2021

The April 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 for the second consecutive month after a brief fall in February which came after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).

“The seasonally adjusted value of new loan commitments for owner occupier housing increased by 4.3 per cent in April and was up 68.2 per cent for the twelve months, setting a new record.  The value of new loan commitments for the purchase of existing dwellings rose 9.2 per cent with loan commitments for construction and the purchase of new dwellings falling in April,” said REIA President, Adrian Kelly.