HOUSING FINANCE & BUDGET PREDICTIONS SHOW LOW INTEREST RATES SHOULD REMAIN

May 13th,2014

The Real Estate Institute of Australia (REIA) says the latest housing finance figures released by the Australian Bureau of Statistics (ABS) reflect a stabilising market.        

The figures for March 2014 show, in trend terms, that the number of owner-occupied finance commitments decreased by 0.1 per cent, following increases of 0.1 per cent in both February and January and this is the first fall since May 2012.