The value of loans for housing continues to be positive with the increase being driven by owner occupiers, according to the Real Estate Institute of Australia (REIA).
These figures were revealed by the December 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics.
“Overall the figures for December 2019 show, in seasonally adjusted terms, that the value of owner-occupied finance commitments, excluding refinancing, increased by 5.1 per cent for the month and 17.9 per cent for the past year. The value increased in all states and territories except Tasmania” said Mr Adrian Kelly, President of the REIA.
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