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Month: October 2020

Banks are about to start un-pausing mortgages

Banks are about to start un-pausing mortgages

Borrowers who paused their mortgages for six months when the coronavirus crisis started are facing a moment of truth.   Those deferrals are scheduled to end soon – and, when […]

Posted on October 27, 2020 by admin Continue reading
Australia has a very comfortable level of mortgage debt, according to new data from the Australian Bureau of Statistics and Australia’s banking regulator, APRA. The total value of Australia’s housing was $7.14 trillion at the end of June, while the total value of outstanding loans secured by residential property in Australia was $2.01 trillion. That means the nation’s collective loan-to-valuation ratio (LVR) was 29.4%. As you can see in the chart above, the vast majority of outstanding home loans are below 81% LVR. The breakdown is: Under 60% LVR = 32% of outstanding mortgages 60% LVR to under 80% LVR = 47% of outstanding mortgages 80% LVR to under 90% LVR = 16% of outstanding mortgages 90% LVR to under 95% LVR = 4% of outstanding mortgages 95% LVR and above = 1% of outstanding mortgages If you apply for a home loan with a deposit of at least 20%, you can save a substantial amount of money: You won’t have to pay lender’s mortgage insurance (LMI) You can access lower interest rates and more competitive offers Lenders are competing hard for low-LVR customers – get in touch to see if we can get a few competing for your business.

Most home owners well-placed to pay off their loan

Australia has a very comfortable level of mortgage debt, according to new data from the Australian Bureau of Statistics and Australia’s banking regulator, APRA.   The total value of Australia’s […]

Posted on October 20, 2020 by admin Continue reading
National credit card debt falls to 14-year low

National credit card debt falls to 14-year low

Australians have paid off enormous amounts of credit card debt since we entered lockdown, according to new statistics from the Reserve Bank.   Between March and July, the most recent […]

Posted on October 12, 2020October 12, 2020 by admin Continue reading
Aussies eyeing up regional move

Aussies eyeing up regional move

COVID-19 has changed the housing preferences of many Australians, according to a new survey of nearly 1,100 property investors.   The PIPA Property Investor Sentiment Survey found coronavirus has made […]

Posted on October 5, 2020 by admin Continue reading

Recent Posts

  • Why rents are rising in many parts of Australia
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  • Property prices increase 382% over the past 30 years
  • Home loan activity falls but remains well above long-term average
  • How to manage your household budget in a higher-rate environment

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    1/36 Railway Place, Fairfield, VIC 3078
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