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Australian lending market is strong and competitive

By James Brown

If you're looking into buying property in Bellmere for the first time, you'll no doubt need to secure a loan to make your dreams a reality.

The Property Council of Australia recently described the current market as "strong and quite competitive", offering some incentive to begin looking into your own finance options. 

The group warned that a recent review into the financial system might cause problems for borrowers in the long run, but present conditions are working in their favour.

Nick Proud, executive director of the residential development council, said in order for these reforms to work, banks will need to "internalise the added cost of capital".

This would minimise the increase in costs that home loan borrowers would face, helping to keep the market alive.

"Domestic housing finance lending in Australia has been managed prudently by the banking sector against systemic risks and policy makers can feel confident to strike a balance," commented Mr Proud.

He emphasised that Australia needs both a strong residential property sector and strength within the banking industry in order to succeed over the next year.

Having an expert on your side can make all the difference when buying property in Queensland, so make sure you give a real estate agent in Burpengary a call.

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