PRLog (Press Release) –
Mar 25, 2008 – Investors are starting to show more interest in the property market, according to the latest housing finance figures released by the Australian Bureau of Statistics (ABS) this week.
The total value of investment housing commitments (seasonally adjusted) increased by 8.3 per cent (up $556m) in January 2008 compared with December 2007. This follows a revised decrease of 2.2 per cent in December 2007.
The lift this month was due to mainly to increases in construction of dwellings for rent or resale (up $483m, 81.5 per cent).
Purchase of dwellings by others for rent or resale rose (up $55m, 7.6 per cent) and purchase of dwellings by individuals for rent or resale (up $19m, 0.3 per cent).
In seasonally adjusted terms, the total value of dwelling finance commitments (excluding alterations and additions) increased 3.7 per cent.
Owner occupied housing commitments increased 1.7 per cent.
