Home Loan Repayment

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

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