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Mortgage Enquiries Increase in Queensland

By Andrew Bell

One of the biggest factors that may affect a person's decision to sell real estate in Surfers Paradise is the level of buy activity and sentiment in the area.

This might just be looking more positive, as new research has shown that the number of mortgage enquiries has increased in Queensland over the June 2013 quarter.

According to Veda's Consumer Credit Demand Index, mortgage enquiries rose by 1.6 per cent over the quarter. This may indicate an improvement in buyer activity and interest in the Queensland property market.

"Mortgage enquiries are a good indicator of home buyer demand, with movements in mortgage enquiries tending to lead movements in house prices six to nine months later," said Veda general manager of consumer risk Angus Luffman.

Mr Luffman continued to state that the June quarter recorded the largest volume of enquiries for housing finance in three years, and suggested that it may lead to positive house price growth over the next few months.

This may indicate that now might be a good time to sell Main Beach real estate, as interest rates are low which provides many buyers with a great deal on housing finance.

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