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MBA: Latest housing data is ‘promising’

By Kevin Kelly

Those looking to buy real estate in Bunbury and beyond were likely to have rejoiced over the recent data released by the Australian Bureau of Statistics (ABS), which revealed an increase in owner occupier loans.

The benefits of this increase has been further underlined thanks to analysis from Masters Builders Australia, a construction representative body and leading think-tank in the industry.

In a January 13 statement Masters Builders Australia Chief Economist Peter Jones said the figures were promising and proof that investment was on the increase.

"The figures indicate that desperately needed investment is starting to flow to the non-resources sectors of the economy, which is good news for the economy in 2014," Mr Jones said.

"The 1.1 per cent increase in ABS November housing finance commitments seasonally adjusted, is the twelfth consecutive monthly rise and shows that low interest rates and increased affordability continue to drive increased demand for new dwellings."

News of an improving property market may come as good news to those looking to invest, but it can be sensible to move quickly as one never knows when things could change. For advice on finding the best property near you, don't hesitate to get in touch with an experienced real estate agent today.

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