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Mortgage demand starting to lift

Home lending has surged by 5.1 per cent as the government and the Reserve Bank work to stimulate the economy.

First home buyers now represent 29.4 per cent of all home-occupier loans (excluding refinances).

CoreLogic Senior Research Analyst Cameron Kusher tells John Stanley a rapid rise in house prices would not be ideal.

“The point is interest rates are going to be fairly low for longer than expected and that means that an investment like housing does become more attractive.”

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JOHN STANLEY
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