Six Month Decline in Housing Finance Numbers

May 11th,2018

The March 2018 housing finance figures released today by the Australian Bureau of Statistics show that the number of loans for housing has continued to decline over the last six months, according to the Real Estate Institute of Australia (REIA).

“Overall the figures for March 2018 show, in trend terms that the number of owner-occupied finance commitments decreased by 0.7 per cent –the sixth consecutive month of decreases. If refinancing is excluded, in trend terms, the number of owner-occupied finance commitments decreased by 0.9 per cent, again the sixth consecutive month of decreases,” REIA President Malcolm Gunning said.