Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Investors drive December home loan activity: AFG

Staff Reporter 1 minute read

Investors flocked back to property markets in NSW, VIC, WA and QLD in December according to the AFG Mortgage Index, dropping the national LVR average for the month to 62.8 per cent compared with July 2007’s 65.5 per cent.

Investors accounted for one third of all loans in December, the Index revealed.

“Consumer concerns about rising interest rates is hurting low and mid level property buyers – the people who have to borrow heavily to buy their homes, and who typically have high LVRs,” said AFG general manager of sales and operations Mark Hewitt. “As these buyers leave the market, we see LVRs fall.”

“However, the top end of the market is still relatively strong, and here people are using accumulated equity in their homes either to upgrade or to buy investment properties,” he said.

 

Investors drive December home loan activity: AFG
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...