Mortgage Choice says the outlook for home loan approvals into 2016 looks positive amid the booming property market.
The group recorded $6.9 billion worth of housing loan approvals in the six months to 31 December, up from $6.2 billion a year earlier.
Net profit fell 9.4 per cent to $9.97 million in the half year to December 31, but on a cash basis net profit it was equal to its $9 million record in the previous corresponding period.
"Looking forward, our outlook for housing loan approvals for the remainder of FY15 and into FY16 remains positive," chief executive Michael Russell said on Wednesday.
Shares in the group tumbled on the news, however, dropping 4.83 per cent to $2.76 at 10.15am (AEDT) against a benchmark index rise of 0.17 per cent.
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Mortgage Choice says booming property will help bottom line, despite H1 profit fall.
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