Increased Borrowing

Joseph Sukkar

Increased borrowing is evident as the property market heats up. This is evident in a big rise in home loans activity over the year, with investors leading the way.
Between February and September, the total volume of mortgage commitments rose 9.5% to $25.0 billion, according to the latest data from the Australian Bureau of Statistics.
Owner-occupied borrowing climbed 6.1% to $16.1 billion, while investor borrowing jumped 16.0% to $9.0 billion.
Three other key facts:
  1. The number of loans taken out by owner-occupier first-home buyers increased significantly between February and September, rising 18.4% to 9,213 loans.
  2. Refinancing with external lenders fell 7.1% to $18.5 billion, although that figure was still well above the long-term average.
  3. Borrowing for alterations, additions and repairs increased 9.4% to $502 million.
I love helping all kinds of borrowers, from first home buyers and investors to renovators and refinancers. Reach out if you need assistance.
Increased Borrowing

Above graph highlighting the increased borrowing.

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Mandy Makhlouf
Really appreciate the services provided ...
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Mandy Makhlouf
Really appreciate the services provided by Intellect Finance Mortgage Broker especially Joseph and Charbel. I have been a client for a long time and will continue to be and refer family and friends. I recently refinanced few loans for myself and my children, and our experience was very positive. The team provided us with information and options to consider, answered questions and were very proactive in helping us navigate the process with confidence. Highly recommended.
Mandy Makhlouf
Mandy Makhlouf
Kim
These guys deserve 10 stars! Working with Joseph & Charbel has been an absolute breeze. Their extensive knowledge...
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Kim
These guys deserve 10 stars! Working with Joseph & Charbel has been an absolute breeze. Their extensive knowledge and professionalism has been admirable to say the least. They have gone above & beyond to help us with our Home Loan and we couldn’t have been happier with the result. Highly recommend Intellect Finance!
Kim
Kim
Jeremy Fuller
Joseph and the team at Intellect Finance were the best to deal with, they take the time ...
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Jeremy Fuller
Joseph and the team at Intellect Finance were the best to deal with, they take the time to listen to you and my experience with them has always resulted in the best possible outcome. I would highly recommend the team at Intellect Finance Mortgage Brokers to anyone. seriously, 5 stars!
Jeremy Fuller
Jeremy Fuller
Isaac Kuruvilla
Charbel and the team have been fantastic to work with. There were a few hiccups with the financing approvals but they ...
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Isaac Kuruvilla
Charbel and the team have been fantastic to work with. There were a few hiccups with the financing approvals but they successfully navigated those. We now have a better financing solution for our family, which means more disposable income and less stress. Thanks Intellect Finance!
Isaac Kuruvilla
Isaac Kuruvilla
Elias Moussa
I Used the service when I was looking to buy my house and I was so impressed I’ve continued...
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Elias Moussa
I Used the service when I was looking to buy my house and I was so impressed I’ve continued to use it over the years. Just recently I was looking to refinance and I had the pleasure of being assisted by Charbel, the bloke is an absolute legend, very grateful for all his help. I Highly recommend intellect finance
Elias Moussa
Elias Moussa
Shadia El Maady
We highly recommend the Intellect Finance Mortgage brokers, as they're very professional, helpful, efficient, polite and responsive, ...
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Shadia El Maady
We highly recommend the Intellect Finance Mortgage brokers, as they're very professional, helpful, efficient, polite and responsive, especially replying to emails. It was a great pleasure doing business with this service. Keep up the good work guys.
Shadia El Maady
Shadia El Maady

Joseph Sukkar