Home loans at record highs

Home loan borrowers are at record highs, as AFG records the biggest month for home loans. As of last month, $4.057 in home loans was processed, 12% higher than the previous month and 30% higher than the previous year, showing signs for high property demand.

The increase in home loans are also attributed by low cash rates as the Reserved Bank of Australia decided to keep the interest rates at 2.5%.

Read more about this on the Smart Property Investment website.