๐ข๐๐ป๐ฒ๐ฟ-๐ผ๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฟ ๐๐ผ๐บ๐ฒ ๐๐ผ๐ฎ๐ป ๐ฉ๐ผ๐น๐๐บ๐ฒ๐ ๐๐ฟ๐ผ๐ ๐ณ.๐ฐ%
With buyer activity and property prices rising in much of the country, there's also been an increase in borrowing from owner-occupiers.
Across Australia, owner-occupiers took out $16.8 billion of home loans in December, which was 7.4% higher than the year before, according to the latest data from the Australian Bureau of Statistics (see graph).
Drilling down, the five most-populated states/territories recorded major increases in owner-occupier borrowing, while the others either had moderate or negative growth:
* WA = +9.7% change in loan volumes
* Vic = +9.3%
* Qld = +8.7%
* SA = +7.4%
* NSW = +7.1%
* ACT = +3.3%
* NT = -8.8%
* Tas = -8.9%
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.
