Loan Approvals On The Rise

April 29, 2013
Donna Sims

The latest figures released by the Australian Bureau of Statistics (ABS) show that the total value of housing finance approvals rose by 1.4% on January 2013 and is up 8.7% on the same time last year. It was interesting to note that the number of owner occupied housing approvals rose by 2% in February. This is on the back of record low interest rates and improving positive consumer sentiment.  

 The question remains as to whether this is a sustainable trend. Based on the level of inquiry Mortgage Choice is presently experiencing we remain quietly confident of further growth for housing finance approvals in the coming months.

Posted in: Home loans

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