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VALUE OF HOME LOANS HIT PRE-GFC HIGH DESPITE COVID-19

2 December 2020

The ABS October Lending and Business Figures have today revealed the value of new loan commitments for housing grew for the fifth consecutive month and the value of owner occupier home loan commitments have reached record highs.

Real Estate Institute of Australia (REIA) President, Adrian Kelly said the sustained recovery in lending is encouraging and can be expected to be a major contributor to GDP in the December quarter for investors, owner occupiers and first home buyers.

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