Lending figures point to investor activity abating

November 10th,2015

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) reflect the impact of the macro prudential measures in slowing down investor activity.

The Real Estate Institute of Australia (REIA) says the figures for September 2015 show, in trend terms that the number of owner-occupied finance commitments increased by 0.7 per cent. This increase is the same as for the previous month. If refinancing is excluded, in trend terms for September, the number of owner-occupied finance commitments increased by 1.2 per cent – again the same as for the previous month.

REIA President, Neville Sanders says, “increases were recorded in New South Wales, Victoria, South Australia and the Australian Capital Territory with New South Wales having the largest increase of 2.1 per cent. The largest decrease was again recorded in the Northern Territory – down 1.3 per cent.”