Home loan demand hits an eight-year high

NEW data from the Aust­ralian Bureau of Statistics has found home loan demand surged significantly at the end of last year.

According to the Dec­ember Housing Finance Data, 58,552 home loans were approved — up 2.6 per cent from 57,081 in November.

Mortgage Choice CEO John Flavell said the last time more than 58,500 home loans were approved in one month was in January 2008.

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