More people are getting mortgages approved as they prepare for the Official Cash Rate to fall further.

Latest Centrix figures show mortgage enquiries are up 16% for the month of July and new mortgage lending rose almost 25%.

Key Mortgages broker Jeremy Andrews told Andrew Dickens many people are getting approved and just holding off.

He says there's been more activity lately - with one client of his going to auction, and nine people registered to bid.

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