Taking a look at the latest Australian Bureau of Statistics figures for new home lending, potential buyers interested in home loans in Caboolture could be in for a surge of confidence.
The number of loans for people looking to build or purchase newly constructed homes across the country rose during February, increasing by two per cent. Housing Industry Association economist Geordan Murray said this was positive for owner occupiers, especially as investors began to flock towards existing property.
"Lending figures indicate that the investor market eased by around 3.4 per cent during February, but remained around 9.9 per cent higher than the same period a year ago. The majority of the growth in investor lending has been to those purchasing existing homes. In February over 90 per cent of lending to investors went into the existing home market," said Mr Murray in a 10 April statement.
With the current cash rate environment potentially providing buyers the chance to secure a competitive mortgage for the future, now could be a brilliant time to begin seriously looking into changing your housing situation. Get in touch with a local real estate agent in Caboolture today to discuss the property options in your local community.