Home loan growth stagnates in Feb
The Australian Bureau of Statistics has revealed that there was a 0.41 per cent rise in the number of new home loans given out month-on-month, a situation which has left some experts a little deflated.
However, ICAP senior economist Adam Carr told ABC that the consecutive interest rate cuts seen from the RBA are likely to continue to entice homebuyers over the coming months.
"A bit softer but it doesn’t change the trend, I think we can still look forward to strong home loan activity given that interest rates are at their lowest rate since the 1960s," he added.
This article is brought to you by Mozo – helping you compare home loans