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HIA: Home Lending Increases Nationwide During January

By Ben Faulks

Now could be the perfect time to consider purchasing Belconnen real estate, with the Housing Industry Association (HIA) highlighting the growing degree of new home lending during January, which could help real estate hopefuls to secure property in the local area. 

In fact, the number of loans for owner occupiers for new homes is at the highest level in four years. Owner occupier home loans for construction of new dwellings saw growth of 5.8 per cent over January, while loans for existing new homes eased by 1 per cent. 

However, HIA Economist Diwa Hopkins said the overall growth of the market during the first month of 2014 was a promising sign of recovery, with residential construction expected to remain strong well into 2014. 

"There are also some important signs emerging from the state by state breakdown of new home lending," said Ms Hopkins in a March 12 statement. 

Now could be the perfect time to consider looking into the real estate options available to you in Belconnen. Regardless of whether you're looking for your own home, or houses to rent in Belconnen, there are a wide range of property opportunities in the region. 

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