Invest
Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said.
Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said.

New figures from the Australian Banking Association show that the number of deferred loans has fallen below 300,000, a reduction of nearly 70 per cent from the peak of the pandemic when more than 900,000 loans were deferred by Australian banks.
According to REIA president Adrian Kelly, the data is definitely positive news for property markets as it signals the minimisation of forecasted financial disaster.
“This is good news for those living in investment properties as it provides increased security to tenants,” he said.
“It also means catastrophic forecasts for Australia’s housing market made at the start of CV19 are simply not coming to fruition so customers should have increasing confidence to buy and sell.”

Further, Mr Kelly noted that data published by the Australian Prudential Regulation Authority showed that the overall levels of household saving in Australia increased from March through to October.
Treasury research also showed that lower-income households were boosted by up to 20 per cent.
“This has contributed to banks seeing borrowers starting to pay back loans.”
Mr Kelly commended both the banks and the government for rolling out loan deferral programs at the outset of the pandemic, especially as many property owners have had to deal with the inability to pay rent and home mortgage due to lost employment and other socioeconomic factors.
Ultimately, the actions of federal and state governments have had a strong impact to counter the severity of the downturn, according to him.
Moving forward, REIA continues to encourage home owners and investors who are concerned about meeting their commitments to engage with the banks early and often.
Rental eviction moratoriums
Rental eviction moratoriums, another major housing policy that came out as a result of the COVID-19 outbreak, were also gradually coming to an end, Mr Kelly highlighted.
According to him, anecdotal evidence from Queensland where the moratorium has ended suggests that this has had limited to no impact and “the sky is not falling in”.
“As other jurisdictions come out of the end of their moratoriums, this could even build the case for the end of these moratoriums being brought forward.”

Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more

Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more

Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more

Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more

Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more

Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more

Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more

Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more

Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more

Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more

Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more

Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more

Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more

Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more

Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more

Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more