There has been a solid increase in the number of home loans taken out across Australia in September.
Figures from the Australian Bureau of Statistics show almost 46,400 owner-occupied loans were approved in September, a seasonally adjusted rise of 0.9 per cent compared to August.
The figures were marginally better than the 1 per cent median forecast by market economists in a Reuters survey.
Meanwhile, the value of loans approved for investors has jumped by 8.6 per cent from August to September.
The number of loans for the purchase of established dwellings rose 1.4 per cent, while loans for buying new homes jumped 9 per cent.
The proportion of first home buyers also increased, with 19.3 per cent of home loans going to first time purchasers.
Westpac's economics team says the figures offer a glimmer of hope that the housing market is turning around.
"A modest upward trend in housing finance to owner-occupiers is apparent since the middle of 2012," the economists wrote in a note.
"New lending trended 0.5 per cent higher in the month, contrasting with trend declines over the initial five months of the year." However, the news was not all positive, with the number of loans for the construction of dwellings falling 6.3 per cent.