Housing Finance numbers show cautious optimism

July 11th,2019

The May 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the number of loans for housing, excluding refinancing, continues to decline, but at a slower rate, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for May 2019 show, in trend terms that the number of owner-occupied finance commitments, excluding refinancing, decreased by 0.5 per cent –the twenty first consecutive month of decreases and the lowest since August 2012,” REIA President Adrian Kelly said.

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