{"id":27810,"date":"2020-09-24T08:42:47","date_gmt":"2020-09-23T20:42:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27810"},"modified":"2020-09-24T08:42:47","modified_gmt":"2020-09-23T20:42:47","slug":"aussie-reports-record-spike-in-pre-approvals","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/aussie-reports-record-spike-in-pre-approvals\/","title":{"rendered":"Aussie reports record spike in pre-approvals"},"content":{"rendered":"

PHOTO: The major brokerage has reported a record increase in home loan pre-approvals across the first eight months of the year, with FHBs leading the charge.<\/strong><\/p>\n

Aussie has reported a 71 per cent jump in home loan pre-approvals across January to August amid the 2020 pandemic.<\/p>\n

While the group has not released the actual figures in real terms, it noted that the month of August saw the highest volume of pre-approvals on record\u00a0since 2014, with the figure more than doubling since 2018, according to the major brokerage.<\/p>\n

According to the group, first home buyers (FHBs) accounted for more than half \u2013 or 53 per cent \u2013 of the pre-approval volumes across January to August. It added that pre-approvals in this segment increased by more than 130 per cent during this period, compared with the previous corresponding period.<\/p>\n

Across the states,\u00a0NSW recorded the highest pre-approval volume this year, followed by Victoria, Queensland and South Australia.<\/p>\n

However, despite the increasing volumes in Victoria, there was a steep fall in the state recently amid the economic fallout from the second round of restrictions to curtail the second wave of the coronavirus.<\/p>\n

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