RISING HOUSE PRICES AND LIMITED RENTAL STOCK SEE LOAN SIZES SOAR
A surge in house prices coupled with a decline in rental stock has driven the value of new housing loans to increase.
According to the Real Estate Institute of Australia (REIA) President, Ms Leanne Pilkington, the latest data released by the Australian Bureau of Statistics (ABS) shows home buyers and investors are paying more to buy a residential property or alternatively, more buyers are joining forces to secure their future.
Source REIA