Record low Mortgage Rates

Record low Mortgage Rates

Never been a better time to build your dream home at Springlake…

Springlake Sales Manager, Patrick Booth sat down with Gemma Burns, Lending Adviser at Keylend, one of Australia’s largest mortgage brokers to get her thought on the current interest rate market. “The post-election environment has seen a substantial rise in both investor and owner occupier activity with certainty for borrowers to regain confidence in the market place. With record low interest rates and access to a wider range of lenders willing to lend, this is the perfect time for borrowers to take advantage of the favourable market conditions” she said.

“We have seen our lenders offer fixed rates as low as 2.99% for terms up to 5 years, which has also stimulated activity.” Gemma Burns – Keylend

On the back of record low 1% cash rate home mortgage rates are at record lows and there is strong competition between lenders for borrowers, there has never been a better time to build your dream home.

Owner-occupier lending has risen by 4.9% over the 12 months to July 2019, with record levels of pre-approval enquiry, reports Core Logic in their September 2019 Monthly update.

Gemma highlights “It is important in theses times to seek out an independent broker who will provide you with up to the minute market research and advice to make the purchasing process as easy as possible.”

Capital Growth

National dwelling values increased by 0.8% in August, which marked the first monthly increase since October 2017. Combined capital city dwelling values increased by 1.0% over the month, reports Core Logic in their September 2019 Monthly update.

Sales of established homes in Springlake continue to show strong growth with buyers attracted to the superior natural aesthetics of Springlake’s lakeside living, tree studded parkland environment and architectural streetscapes.

Sales of our new land releases have been strong with record sales levels in August as Brookside and Parkside near completion, ready for purchasers to settle and commence construction.

Ready for your dream home? Sales Information Centre open 10am – 4pm daily.

Siobhan Johnson

Patrick Booth

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