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Housing finance approvals rise for 20th consecutive month in Queensland

By James Brown

The strengthening property market in Queensland has been steadily increasing, with the latest Australian Bureau of Statistics figures highlighting that August was the 20th consecutive month for the state to experience a growth for owner occupied dwelling finance approvals. This could be encouraging for those considering houses for sale in Morayfield or the surrounding suburbs in the future. 

Treasurer Tim Nicholls said Queensland has seen the biggest increases in approvals of any mainland state, with approvals up by 0.3 per cent over August to reach an annual increase of 5 per cent for the year so far. 

"Encouragingly, the growth has been supported by finance for new dwellings which is good news for the construction industry. The figures come on top of building approval figures last week showing a 2.6 per cent rise in August to be up 13.2 per cent over the year in Queensland," said Mr Nicholls in a 10 October statement. 

Furthermore, more than 8,000 families have been helped into the property market through the $15,000 Great Start Grant for first home buyers. With these increasing figures, now could be a great time to get in touch with a real estate expert to begin discussing the various property options available to you in Morayfield and surrounding suburbs. 

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