First Home Buyer News

Mortgage Applications Show Signs of Rising Confidence Amid Economic Shifts

In a year marked by economic hurdles, recent mortgage data offers a hint of optimism. The latest Equifax Quarterly Consumer Credit Insights report for September 2024 shows a 2.9% increase in mortgage demand in Australia over the same quarter last year, marking the first upswing since 2021. This uptick, small yet significant, hints at improving …

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Spring Surge in Property Demand: A Golden Opportunity for First-Time Buyers and Investors

This spring, Australia’s property market is seeing a noticeable uptick in activity as both first-home buyers and investors enter the market in greater numbers. PropTrack’s latest data reveals heightened interest, with significant enquiries in high-demand suburbs. This trend reflects a rising confidence among Australians that now may be the ideal time to buy. A recent …

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Housing Market shows resilience with growth in New home lending

Confidence in the housing market is rising, with new data revealing a 9.1% jump in home loans for the purchase and construction of new homes in the three months leading up to August, compared to the same period last year. “This growth in lending comes from a shallow base,” said Tim Reardon, chief economist of …

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Loan Boom: Which States Are Borrowing the Most?

Key Highlights: Loan Boom in Australia: Western Australia and Victoria • Western Australia and Victoria are driving the expansion of owner-occupied loans, with yearly increases of 7% and 6% respectively. • Mortgage Insights reports an 8.8% annual increase in the average interest rate on a new house loan in Australia. • Buyer activity is shifting …

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