Home loan approvals for next year appear to be positive as the property market booms, Mortgage Choice has suggested.

The company had $6.9bn worth of approvals in the six months to 31 December, an increase from $6.2bn in the previous year.

Mortgage Choice’s net profit was down 9.4% to $9.97mn in the half year to 31 December. On a cash basis net profit, however, the figure was equal to its previous period, hitting $9m.

"Looking forward, our outlook for housing loan approvals for the remainder of FY15 and into FY16 remains positive," chief executive Michael Russell said on Wednesday.
 

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