19 June 2013
New Loan Approvals Reflect Rising Confidence Confidence in the property market continues its upward trajectory with Australian Property Monitors citing data that shows home loan approvals are rising across the country. The ABS figures paint a compelling story: 118,975 loans were approved for owner-occupied homes in Australia between January and April this year which is more than an eight per cent increase on this time last year. In Victoria the increase was nine per cent. It´s not only owner-occupiers who are actively transacting in the property market - investors are also building their portfolios, with investment housing loans up by more than 18 per cent. The Reserve Bank´s record low interest rates are great news for borrowers but it still pays to shop around to make sure you´re getting the best deal, tailored for your individual circumstances. Over the course of a loan, a little legwork now to secure competitive finance could end up saving you thousands. Whether you´re buying or selling in the current market, our network of local property specialists can help ensure you get a great result. Call us today. Greg Hocking