Want a home loan approved? Now’s the time!
- November 28, 2012
- Ayda Shabanzadeh
The Global Financial Crisis was tough for everyone but now it is time to throw out your GFC attitude and get positive, the world is bouncing back and now is the time to make the most of the recovery period. Confidence has returned in the housing market with the home lending at record highs this year.
Housing finance approvals have increased by a seasonally adjusted 1.3 per cent in the month from June to May, which indicates that there is a significant interest from both first time buyers as well as property investors. In total, home loans in June totalled $13.8 billion, with loans to first time property buyers rising by 4.3 per cent.
Now is the time to make your move, the residential property market has bounced back but is yet to rise beyond reasonable rates and with more home loans being approved every month you could be saying goodbye to the rental rat race and hello to your new investment.
Take advantage of the current conditions and step onto the property ladder. Good times are ahead so get into your new home now before prices begin to soar again and the value of your new house will rise with the tide.