The number of people shopping for mortgages has risen in all capital cities, reflecting an increase in consumer confidence and a renewed demand for property, according to new research from Australia's leading mortgage comparison website www.yourmortgage.com.au.
Over 67% new mortgage customers were recorded in July, with Sydneysiders reflecting the highest proportion of shoppers at 26,650 - a 10.96% rise on the pervious month.
Melbourne recorded the second highest number of loan searches at 18,578 - up 10.56% on July - while Brisbane shoppers made 10,120 enquiries, an increase of 14.32%.
Canberra was the city to show the most activity, with a 19.87% increase in the number of people looking for a mortgage.
For more information on buying, investing, managing and borrowing visit www.yourmortgage.com.au
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan