Hot Property: The biggest property headlines from the week 11-15 January
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Here’s the weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 15 January.
Welcome to The Adviser’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
Hot Property: The biggest stories this week 14 January 2021 Staff Reporter
New year, new agencies, new property market optimism: Here are the biggest property stories from the week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
NSW mortgages rose 14% in 2020
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Mortgage volumes in the country’s most populous state grew 14 per cent in 2020, driven by strong refinance activity, new figures have revealed.
According to the December 2020
Residential Mortgage Activity report from NSW Land Registry Services (NSW LRS), there were 249,254 mortgages registered on NSW residential titles over the year – up nearly 14 per cent on the prior year.
The growth was strongly propelled by refinance activity, which rose 22 per cent year-on-year as the country as a whole saw record-low interest rates and lenders offer competitive cashback offers.
According to the NSW LRS, the Commonwealth Bank of Australia (CBA) received the largest number of mortgages for NSW property in 2020, accounting for 56,020 mortgages registered in the state, up 12 per cent on its position in 2019.
Brokers’ lodgements continue to rise
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The number of loans that brokers write each month hit a new high in November 2020, according to a new broker survey.
Momentum Intelligence’s latest Broker Pulse survey of Australian mortgage and finance brokers has found that brokers wrote the largest number of loans in November 2020 than they have in over a year.
The Broker Pulse survey results for November 2020 (conducted between 1-7 December 2020) collated the responses of 215 active broker participants, and found that the volume of loans submitted by brokers in November had reached new heights.
The survey found that brokers had, on average, submitted 11.1 loans over the month of November 2020, beating the previous high of 9.7 loans in October 2020.