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Refinancing activity to pick up

by Staff Reporter8 minute read
The Adviser

Brokers can expect an upswing in refinancing activity in 2009 as homeowners choose to renovate in preference over purchasing a new property.

According to Mortgage Choice 41 per cent of property owners plan to make improvements to their home next year – a reflection of uncertainty over the stability of property prices.

Of those surveyed, 31 per cent said they will buy property over the next 12 months, a marked drop to last year’s 44 per cent.

Nonetheless, 63 per cent of respondents believe property to be a safer investment than shares, a reflection of ongoing share market volatility.


The survey was conducted in November with 1,006 respondents, of which 86 per cent were property owners and 75 per cent have a mortgage.

Published: 26-11-08

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