September saw the number of approved home loans in Australia rise by 2.2%, when compared to the previous month. The Australian Bureau of Statistics (ABS) published latest figures which show that more and more people and being given the green light to purchase a property in Australia; the figure rose from 50,706 in August to 51,821 in September.

Australian economists are said to have forecast an increase of loan lending by just 1.5%, so the 2.2% comes as a nice surprise, and the total value for the financing of property for this period was a whopping $21.104 billion.

If you are moving to Australia and are looking to fund the property with a mortgage then there is a good chance that you will be approved, providing you meet the requirements. This, along with the fact that property actually fell by 1.2% means that it could be more cost effective than you first thought to buy a property in Australia.

To understand the full step-by-step process to buying a property in Australia, collect The Overseas Guides Company’s ‘Australia Property Buying Guide’