The Australian Bureau of Statistics released the national finance figures for January this week, which showed lending for housing continues to decline across the country.
Real Estate Institute of Australia (REIA) President Malcolm Gunning said ABS data showed that the number of owner-occupied finance commitments decreased by 0.7 per cent.
“This is not only the fourth consecutive month of decreases but also the largest of the four decreases.
“If refinancing is exclude
Perth’s vacancy rate has dropped to 5.3 per cent - the lowest since July 2015. REIWA President Hayden Groves said Perth’s latest vacancy rate for January 2018 had improved significantly since June 2017. “It’s quite remarkable to see it this low considering seven months earlier Perth’s vacancy rate soared to 7.3 per cent – the highest we have ever experienced, and now it’s back at levels last seen in 2015. “The vacancy rate is a good indicator for how the entire rental market