More success for housing approvals

By Kevin Kelly

Being able to secure property finance is the first step towards buying real estate in Australind – and the latest figures show more people are doing just that.

The Australian Bureau of Statistics (ABS) revealed a rise in the number of people being given home loans to buy new properties in March.

Not only that, there was an increase in the number of homes being built up and down the nation, giving you more options as you go in search of that perfect property.

If you're hoping to get onto the property ladder for the first time, you'll be glad to hear that first home buyer numbers also increased in the month.

First home buyers made up 12.6 per cent of all home loan approvals, up slightly from 12.5 per cent the previous month.

The ABS also released its Residential Property Price Index for the March quarter, which showed a 1.7 per cent increase across each of the country's eight capital cities.

Prices were up 1.1 per cent in Perth over the three-month period, so looking outside the state capital could be just what people need to find the best property buys.

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