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Housing Finance Figures Highlight Nationwide Growth

By Andrew Bell

The number of home loan commitments across the nation increased during 2013, with November seeing a continuation of the strong real estate conditions that developed during the year.

This could present a fantastic opportunity for those interested in buying or selling Main Beach real estate in the near future, with buyer demand expected to grow.

According to data released by the Australian Bureau of Statistics (ABS), there was a nationwide 0.9 per cent increase in the number of owner occupier home loans.

Furthermore, construction loans underwent a 2.3 per cent rise during November, while established dwelling finance commitments increased by 1.2 per cent.

Housing Industry Association Senior Economist Shane Garrett said this strength was expected to continue into the year, with a number of benefits for the nation.

"Today’s figures confirming the continued recovery for residential construction are not just a good news story for the industry but also for the wider Australian economy," said Mr Garrett in a January 13 statement.

Now could be a great opportunity for purchasing real estate in Surfers Paradise ahead of the expected population boom heading towards Queensland. With finances becoming easier to obtain, your real estate goals are sitting just within reach.

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