Mar

Australian and New Zealand Housing Market Improving

RTTNews – Australian and New Zealand Housing Market Improving

RTTNews reports economic improvements in the Australian and New Zealand Housing Markets. The first quoted material below relates to the Australian housing market and the second to the New Zealand housing market. Read the full story with the above link.

“Data released by the Australian Bureau of Statistics showed that the number of home loan approvals rose a seasonally adjusted 3.5% month-on-month in January, representing the fourth month of increase. Total loans issued were 55,628. First-time home buyers made 26.5% of the total home loans issued in January, the highest percentage since statistics began in 1991.”

“The Real Estate Institute of New Zealand said the number of homes sold increased to a 12-month high of 5,228 in February from a record low of 3,706 in January. However, sales were still lower than the 6,356 new homes sold in February last year.”