fbpx

Home loan activity strong amidst buoyant property market

1 min read
Share on facebook
Share on twitter
Share on linkedin

Home loan activity strong amidst buoyant property market

Home loan activity is at historically high levels, according to the latest data from the Australian Bureau of Statistics.

Australians committed to $31.4 billion of home loans in November, which was 6.3% higher than the previous month and 33.2% higher than the previous year.

Owner-occupier borrowing was up 7.6% on the month and 17.2% on the year, while investor borrowing was up 3.8% on the month and 86.9% on the year.

Want to enter the market this year? Here are three home loan tips:

  • Maximise your credit score – pay all your bills on time and reduce your credit card limit
  • Get started early – it can take several weeks to get a home loan pre-approval
  • Speak to a broker – brokers can compare loans and access special deals on your behalf
Want to compare interest rates? Let’s talk.

Hit the button below to arrange a conversation with one of my loan specialists to find a deal that’s best for your situation.

We partner with over 50 lenders so you can find the perfect solution

Do you have questions about mortgages or loans?

Ask us in the comments below