Owner-occupiers are fuelling a record high level of new loan commitments for housing, with Australian Bureau of Statistics figures showing a 3.7 per cent rise in April. New mortgage commitments hit a record high of $31 billion in April, in seasonally adjusted terms, up from $30.2 billion in March. ABS
House prices across Australia will rise by 15 per cent by the end of the year before slowing to just 5 per cent in 2022, a new Westpac Housing Pulse has revealed. The quarterly report, released this week, revealed markets across Australian capitals are in a “fully fledged, broad-based boom”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman