Home Loans On The Rise
July 12th, 2010
Article Courtesy of SMH Business. Written By Chris Zappone.
The number of home loans issued to borrowers have marked their first rise in eight months, suggesting there has been a revival in the housing market despite higher rates and falling confidence.
The number of home loans rose 1.9 per cent in May, after a 1.8 per cent drop in April, according to Australian Bureau of Statistics figures.
Simon Reibelt from Oasis Home Loans Northern Beaches said that the article commented that Home Loan figures had fallen for the past 7 Months, along with the end of the Governments First Home Owners stimulus packages.
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