NEW HOUSING LOAN COMMITMENTS STARTING TO WANE

August 3rd,2021

Real Estate Institute of Australia (REIA) President, Mr Adrian Kelly said the latest ABS figures show that while Australia’s property market remains strong, it is starting to settle down as economic concerns about lockdowns impact on economic sentiment.

“The latest Australian Bureau of Statistics (ABS) figures show that the value of new housing loan commitments fell 1.6 per cent in June 2021 (seasonally adjusted) but remained at an historically elevated level of $32.1 billion,” he said.