Equifax believes rate cuts will shift mortgage demand

By: ameer@trustedteam.com

Indicators of borrower intent suggest growing confidence in the market. Equifax reported a 13% YTD rise in early-stage mortgage access intent, with May alone showing a 17% increase compared to a year earlier. The strongest increases came from Queensland (+19%), South Australia (+18%), and Western Australia (+15%). By age group, the 65+ bracket recorded the largest increase at 24%, followed by 18–25-year-olds at 20%.

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