Another good month for home loans

13 Sep 2013

Home lending continues to improve for the seventh month in a row, according to data released this week by the Australian Bureau of Statistics.

Housing finance figures for July 2013 show that the number of commitments for owner-occupied housing finance rose 2.4 per cent in seasonally adjusted terms, following a rise of 2.7 per cent in June.

The number of loans to buy established dwellings rose by 43,809 or 2.7 per cent while loans to buy new dwellings rose by 5.9 per cent. Loans to build new homes fell by 2.1 per cent.

The total value of dwelling commitments excluding alterations and additions (seasonally adjusted) rose 1.1 per cent in July, following a similar rise of 1.2 per cent in June.)

The value of investment housing (fixed loans) commitments rose 2.9 per cent, while loans for owner-occupied housing remained unchanged between June and July 2013.

Source: www.echoapp.com.au

When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.

- Mac
Maroubra

Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.

- Roger Smith
Tea Gardens

Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!