Owner Occupiers Driving Up Housing Finance Commitments

January 16th,2020

The value of new housing loan commitments by lenders continues to increase, driven by owner-occupiers, according to the Real Estate Institute of Australia (REIA), as shown by the latest figures from the November 2019 Lending to Households and Business figures, released today by the Australian Bureau of Statistics (ABS).

“In seasonally adjusted terms, the value of owner-occupied finance commitments, excluding refinancing, increased by 1.8 per cent for the month and 5.9 per cent for the past year,” said Mr Adrian Kelly, President of the REIA.

You might also like