{"id":27951,"date":"2020-10-01T10:19:40","date_gmt":"2020-09-30T21:19:40","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27951"},"modified":"2020-10-01T10:19:40","modified_gmt":"2020-09-30T21:19:40","slug":"huge-sign-the-property-market-is-heating-up-again","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/huge-sign-the-property-market-is-heating-up-again\/","title":{"rendered":"Huge sign the property market is heating up again"},"content":{"rendered":"

PHOTO: There’s a new wave of interest in the Australian property market.\u00a0(Photo by William WEST \/ AFP via Getty Images)<\/em><\/strong><\/p>\n

Australia\u2019s housing market looks set to perk up from the pandemic-induced slump very soon, new data has revealed.<\/p>\n

Mortgage approvals actually hit pre-pandemic levels during July, Finder analysis of ABS housing finance data has shown, with owner-occupier purchases reaching 1.2 billion between June and July.<\/p>\n

Approved mortgages rose from 25,713 in June to 28,322 in July, one of the biggest monthly increases since the pandemic hit.<\/p>\n

\u201cJudging by the surge in activity, plenty of Aussies are fired up about property again,\u201d said Finder insights manager Graham Cooke.<\/p>\n

\u201cThe housing market is also benefiting from the pent-up demand released with the restarting of auctions and inspections in several places.<\/p>\n

\u201cThe full economic impact of COVID-19 has yet to be realised, but Aussies are unshakable in their love of housing.\u201d<\/p>\n

Australia\u2019s property scene is about to see the release of a lot of pent-up demand, Cooke added.<\/p>\n

\u201cThere are hundreds of Aussies with a deposit saved, watching properties and the housing market and ready to strike.<\/p>\n

READ MORE VIA YAHOO<\/a><\/p>\n

MOST POPULAR<\/span><\/h3>\n