Monday 30 July 2012

Mortgage applications increase four-fold

REA welcome the announcement by Trusted Advisor Group that the volume of mortgage applications has increased four-fold in the past two years, with 90% of inquiries being approved. According to them, they are coming across a lot of people who have been renting for years and who have held off purchasing a property in recent times due to market uncertainty. A lot of people don’t want to wait any longer and feel that now is the time to buy a property of their own. At REA we are seeing similar signs of the tide turning.