September home loan sales improve

Mortgage Choice chief executive Paul Lahiff said that July and August were “good solid months” for home lending, with “gangbuster” conditions in September. Wizard Home loans executive chairman Mark Bouris said business always slowed down during elections but only because political advertising pushed up ad rates across the board. Alistair Jeffery, the head of non-conforming lender Bluestone, said the election campaign had had “no direct impact” on business. Australian Finance Group director Brett McKeon said the group expected better lending figures “across the board” for September. Aussie Home Loans chairman John Symond said September was “a bit quieter” than the previous three months when volumes fell 10 per cent. Interest rates monitor Infochoice said there was “no chance of any move on rates from the Reserve Bank when it meets on Tuesday, while the prospects of a rate rise as soon as November now appear to be receding too.”