Mortgage brokers and banks say July's strong home loan growth is continuing as investors and owner-occupiers take advantage of lower serviceability ratios and become more confident about stabilising prices.
New home loan commitments jumped 5.1 per cent – the biggest month-on-month gain in four years – in July after a 3.2 per cent gain in June, and while there are no new figures to quantify demand for home loans over the past six weeks, industry figures say it remains strong.
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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
