LENDING STATS SHOW LESS FIRST TIME BUYERS

April 3rd,2023

Real Estate Institute of Australia (REIA) President, Hayden Groves said the lending statistics confirm a slow down across owner occupiers, investors and Australians looking to buy their first home.

“The value of new loan commitments for housing fell 0.9 per cent to $22.6 billion in February 2023 (seasonally adjusted), after a revised fall of 2.4 per cent in January, according to the ABS.

“New owner-occupier loan commitments fell 1.2 per cent to $15 billion in February 2023, while the value of new investor loan commitments fell 0.5 per cent to $7.6 billion.