Mortgage News

Investors and owner occupiers showed their strengthening confidence in the property market by turning out to lead a 61% clearance rate figure over the weekend reported Domain & SMH. Commitments were up from previous weeks, though were still down from a year ago when the Government’s Stimulus Packages were in full swing. Agents commented though that the trend of rising auction rates was increasing.

Simon Reibelt from Oasis Home Loans Northern Beaches said that with people’s increasing confidence with the property market along with greater job security has allowed more decision’s to leap into the market.