The February 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing fell after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).
“The seasonally adjusted value of new loan commitments for owner occupier housing fell by 0.4 per cent in February but was up 48.8 per cent for the twelve months with the value of new loan commitments to owner occupiers falling 1.8 per cent, the first fall since May last year, said Adrian Kelly, President of the Real Estate Institute of Australia (REIA).
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