Owner occupiers driving up housing finance commitments

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 cen…