๐ ๐ผ๐ฟ๐ฒ ๐๐๐๐ฒ๐ฟ๐ ๐ต๐ฎ๐๐ฒ ๐๐ป๐๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The Australian Bureau of Statistics has provided another data point that suggests the housing market may be heating up.
The amount of new home loan commitments in March ($24.0 billion) was higher than the month before ($22.8 billion) โ which was the first monthly increase since January 2022.
So after falling for more than a year, home loans activity has rebounded, suggesting more buyers have entered the market.
Itโs much too early to tell whether this increase in mortgage volumes is a false dawn or the start of a trend. But itโs worth pointing out that CoreLogic previously reported that property prices also increased in March, after 10 months of consecutive falls, and then in April as well.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
