#Record #Mortgage #Applications

NSW experienced record growth for new mortgage applications, from buyers looking to enter the NSW Property market.  Century21 Home Loans NSW mortgage applications grew by more than double last years levels coming in at 151% YoY (July 2013 Vs July 2012).  An increase in Century21 Agents utilising Century21 award winning mortgage broking services was a key driver of the growth, combined with increased Century21 buyer activity.  AFG (Australia's largest mortgage aggregator) processed over $3.4 billion of mortgages last month. NSW was up 46% YoY Vs National growth of 25%YoY. July is traditionally a quieter month for mortgages than August, and last month's strong figure reflects reports of active property markets over the winter.  However, there is no sign of overheating in the mortgage data. The average new home loan in NSW last month was $487k and Loan to Value Ratios (LVR) - the value of loans expressed as a percentage of the value of properties - remain steady for NSW at 66% below the national average of 68%. DISCLAIMER We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. All information contained in the CENTURY 21 Australia Pty Ltd website is provided as a convenience to clients. All property prices displayed on the Website are current at the time of issue, but may change at any time and are subject to availability.  PRIVACY POLICY CENTURY 21 Australia Pty Ltd adhere to a strict privacy policy. It is our policy to maintain your privacy when you visit the Website. If you choose to provide your email address it will be kept confidential. We, and authorised CENTURY 21 offices, may use your email address to contact you in the future if you so choose. We will not sell or pass on your details to third parties.