Thursday, February 2nd, 2012 - Yourmortgage.com.au
There are signs confidence is returning to the Perth market after a difficult year in 2011. The latest Your Mortgage Index, compiled from user activity statistics from mortgage comparison website Yourmortgage.com.au, charts an increase of over 4 per cent in the proportion of homebuyer enquiries in Western Australia compared to 12 months ago.

Enquiries from Queensland-based buyers also rose as homebuyers and investors target Brisbane in increasing numbers, while affordability issues could be the reason behind the fall in NSW buyer activity over the same period.

First homebuyer interest remains strong with the start of a new year and attractive interest rates encouraging many to consider entering the property market. Investors also continue to view property as a good choice with the latest Index recording a 5.4 per cent increase in the proportion of enquiries from this demographic compared to 12 months ago.

The average value of a home loan has increased to just under $365,000 up from $348,000 in January 2011. While standard variables continue to be the most popular type of loan, the Index indicates increased interest in fixed rate loans as homebuyers seek to take advantage of the attractive rates currently available.

-ENDS-

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Launched in 1995, Yourmortgage.com.au provides daily updated interest rate information to Australian home and investment borrowers to assist them in finding the loan that suits their needs. Attracting 165,000 visits per month, Yourmortgage.com.au is a one-stop resource for home buyers and property investors seeking the latest property news, free reports, price comparisons and loan calculators. Yourmortgage.com.au features more than 1,400 Australian home and investment loan products from over 80 lending institutions. In addition, users can access exclusive video interviews with industry leaders on Your Mortgage TV, and join the latest discussion on the Your Mortgage forum.

www.yourmortgage.com.au

Kerry Corben
P: 02 8437 4797
W: www.yourmortgage.com.au

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Yourmortgage.com.au, Your Mortgage Index, homebuyer, home loan, investment property

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