Thursday, September 1st, 2011
Home buyer activity remains strong in Australia’s largest property market, figures from the latest Your Mortgage Index show. User activity statistics from independent mortgage comparison site indicate NSW has continued to account for over one third of home loan enquiries over the last 12 months.

However, the biggest increase in home buyer activity has come from further north with enquiries in Queensland increasing by almost 2.2 per cent in August compared to 12 months ago. South Australia saw the biggest proportionate drop in home buyer activity of over 3 per cent for the same period.

Editor of Your Investment Property magazine Nila Sweeney said NSW has been notable in recent months for being one of the most robust markets in the country as well as the largest.

“We’ve seen only a marginal fall in property values in Sydney over the last 12 months and in fact unit prices have increased over that period,” said Sweeney. “It’s been a tough time generally for Australia’s property market with flattening values and negative market sentiment so it’s great to see indications that home buyer activity is continuing,” said Sweeney.

The August Your Mortgage Index also showed a 4 per cent increase in the proportion of enquiries for fixed loans over variable and introductory loans, indicating home buyers are looking to take advantage of the favourable interest rates while they can.


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Launched in 1995, provides daily updated interest rate information to Australian home and investment borrowers to assist them in finding the loan that suits their needs. Attracting 150,000 visits per month, is a one-stop resource for home buyers and property investors seeking the latest property news, free reports, price comparisons and loan calculators. 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.
Lisa Narroway
P: 0284374700


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