Investor home loan demand back in positive territory
Property investor demand is back into the black for the first time in two years amid the rebounding home loan market.
Property investor demand is back into the black for the first time in two years amid the rebounding home loan market.
Home loan arrears are the highest in years but at this stage pose no threat to financial security, according to the RBA’s head of financial stability Jonathan Kearns.
Buyers’ agents are saying the asking price for properties stuck on the market long term are being heavily discounted – sometimes by as much as 40 per cent.
It’s getting harder for property buyers to get a home loan and brokers are warning things are only going to get tougher in the wake of the banking royal commission.
Construction of a new suburb in Melbourne’s west called Mount Atkinson will begin by the end of the year.
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Customers’ satisfaction levels with the big four banks home loan service has dropped, probably off the back of their home loan rate rises last October.
An improving housing sector has been reflected in new Bureau of Statistics figures that show an increase in home loan approvals.
The Reserve Bank says homeowners have used between 50 and 90 per cent of the money saved from ongoing interest cuts to pay down their mortgages ahead of schedule.