Housing finance figures up in September

Recently released figures by the Australian Bureau of Statistics (ABS) reveal that the number of home loans granted across Australia rose over the month of September.

 

According to the ABS, 46,395 owner-occupied loans were approved in September, up from the 45,983 home loans granted in August – a seasonally adjusted rise of 0.9 per cent. Meanwhile, the value of loans for investment properties increased 8.6 per cent.

 

The total worth of housing finance rose by 3.8 per cent, seasonally adjusted, to $21.303 billion.

 

The results suggest that more buyers looked to take advantage of improved financing conditions, brought about by Reserve Bank interest rate cuts in May and June.

 

For more information about the residential property market in your areas of interest, please feel free to stop by your local CENTURY 21 Real Estate office for expert and clear advice. Additionally, if you would like to speak to a mortgage professional about how to finance your next residential property purchase, please contact your local Century 21 Home Loans office.

Posted by Charles Tarbey on 16/11/2012 at 12:00 AM | Categories:

1 Comments

Diyona Joe

Diyona Joe wrote on 06/12/2012 6:21 PM

The blog on the housing finance were great and it were quit interesting in to know more about it ....

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