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New loan commitments increase as market strengthens

Real Estate Institute of Australia (REIA) has said the Australian Bureau of Statistics (ABS) show activity has increased across the board with growth in lending recorded for first home buyers, investors and owner occupiers.

New loan commitments increase as market strengthens

Real Estate Institute of Australia (REIA) has said the Australian Bureau of Statistics (ABS) show activity has increased across the board with growth in lending recorded for first home buyers, investors and owner occupiers.

The figures show the value of new loan commitments for housing rose 6.3 per cent to $31.4 billion in November 2021 (seasonally adjusted) following three months of falls.

REIA President Hayden Groves said the ABS figures show…