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
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker