Sell with Confidence
Read More

Healthy lending levels continue in January

By Matt Hurlston

Securing finance is often people's first step towards buying property in Bentleigh East, so the latest lending figures are likely to come as welcome news. Although the Australian Bureau of Statistics (ABS) revealed a slight fall in loan approvals in January, property analysts believe there's still plenty of room for optimism.

Commenting on the ABS data, the Housing Industry Association's Economist Geordan Murray explained that activity was "quite healthy" over the course of the month.

What the figures reveal

In seasonally-adjusted terms, the ABS noted that the number of home loans for owner occupied dwellings fell 3.9 per cent. However, in trend terms a 0.4 per cent increase was registered. A total of 46,860 mortgages were granted for buying existing properties, while 3,085 were made available for brand new real estate.

First-time buyer lending stayed unchanged month-on-month at 15.1 per cent, which is good news if you've yet to enter the property market.

Investors take a hit

The figures seem to show that investor lending was particularly short of expectations in January. The market had been strong over the past few years, explained Mr Murray, but investors now seem to be taking a back seat to other buyers.

He continued: "In the three months to January lending in this part of the market was down by around 13 per cent compared with a year earlier.

"On a more positive note, lending to investors purchasing new dwellings was 5.5 per cent higher over the year."

Making your steps onto the ladder

If you've got your sights set on property in Bentleigh East, make sure you give Matt Hurlston a call. The team at Ray White Carnegie know where to find the right property to suit your needs, whether you're a first-time buyer, downsizer or making a real estate investment.

Up to Date

Latest News

  • Heartfelt Hughesdale Sale

    Homely Hughesdale house sold to the renters next door by Hughesdale sales agents Jin Ling and Matt Hurlston, with an exemplary outcome. With many schools in Hughesdale such as Hughesdale Primary School, St Anargiri Greek Orthodox College, Sacred Heart Girls’ College, as well as both Caulfield and Clayton Campus for … Read more

    Read Full Post

  • Caulfield Property Management

    Median House Price in Caulfield (Rentals) – $699 per week Median Unit Price in Caulfield (Rentals) – $430 per week Just Leased in Caulfield: 1/16 Kean Street – $685 per week 202/888 Glen Huntly Road – $360 per week 2 Urandaline Grove – $1000 per week 207/888 Glen Huntly Road … Read more

    Read Full Post