home loan applications at record levels

AUSTRALIANS are applying for home loans at the highest growth rate in four years

 because of historically low interest rates and a growing building industry, new figures show. Credit reporting agency Veda's December quarter report, released today,
showed mortgage demand grew significantly towards the end of last year despite consumers remaining cautious around other types of credit - including credit cards and personal loans.

The report, which tracks credit inquiries made to financial institutions, showed mortgage applications rose by 15.3 per cent in the December quarter compared to the 2012 December quarter. This is a strong sign Australian is on the way to recovery, hopefully we will see the same apply in Cairns