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Adrian Kelly of REIA said the exension of support payments by the Government is a much needed lifeline to the real estate industry.
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ABS figures show the largest monthly fall in the history of the housing loan figures series, according to REIA's president Adrian Kelly.
REIA welcomes the decision by the Australian Banking Association to extend the loan repayment deferral period for another four months.
Real Estate Institute members have put forward assistance measures for Treasury to kickstart the economy.
The April 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show dramatic drop in value of loans for housing, say REIA.
The REIA has released the latest edition of Real Estate Market Facts showing an increase in house prices.
The REIA's quarterly report gives a snapshot of the housing industry showing a slight improvement before the effects of Coronavirus.
A new housing stimulus package for first home buyers could be detrimental to the real estate industry, according to Adrian Kelly, president, REIA.
The REIA said doomsday housing price forecasts is highly questionable when you look at history.
ABS housing figures for March may be a high point for some months to come, according to Adrian Kelly of REIA.
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