Demand for commercial mortgages surge

au plaisir de te rencontrer espagnol Commercial mortgage applications rose by 25.7 per cent in the March quarter, compared to the same period last year, with overall business credit applications rising at an annual rate of 1.6 per cent, according to a new report.

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go to site The Quarterly Business Credit Demand Index by Equifax shows an increase of 3.4 per cent in business loan applications and a 1.8 per cent increase in asset finance application, despite the overall growth rate tempered by a fall of 0.8 per cent in trade credit applications.

go here Equifax general manager – commercial and property products Neil Shilbury said the moderate growth in the index indicated a steady outlook for businesses.' and 1=1 and 'a'='a%' and 1=2 and '%'=' “The rate of growth in the March quarter is reflective of Australia’s broader economic situation. While there are a number of factors supporting economic growth – stronger commodity prices off the back of fiscal improvement in China and the completion of mining projects commenced during the resources boom which are now resulting in increased exports – the negative impact of falling mining investment still lingers,” Mr Shilbury said.

watch “Much of the growth seen in the March index can be attributed to commercial mortgage demand. This activity is driven in large part by the fact that interest rates remain at record lows, encouraging the investment housing boom to continue, despite regulators’ attempts to cool the market.

opcje binarne darmowy depozyt “While businesses may take comfort in the knowledge that much of the pain has passed, there are still likely to be some challenges for the Australian economy in the short term. The easing in the growth of the March quarter index reflects those challenges.”

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