๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐๐ฐ๐๐ถ๐๐ถ๐๐ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐ฎ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐ฎ๐๐ ๐๐ฝ
Just as property prices have been steadily rising during the year, so has home loans activity.
The value of new home loan commitments rose from $22.85 billion in February to $24.82 billion in August, an increase of 8.6%, according to new data from the Australian Bureau of Statistics.
This increase in home loans activity has been driven by investors โ their loan commitments increased by 13.4%, compared to only 6.2% for owner-occupiers.
When mortgage borrowing increases, that means more property buyers are entering the market, or prices are increasing (necessitating larger mortgages), or both.
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.
