2012 Australian Property Market is all about First Home Buyers

First time buyers are expected to be the major players in the property market this year, according to a nationwide poll of mortgage brokers. The Loan Market poll of 252 of its brokers found that 36% of respondents expected first time buyers to dominate the housing finance market in 2012. Investors came in at a close second, with 33% of respondents picking out Australia’s property investors as this year’s expected dominant force, while refinancers came in third with 30%. "Our brokers are...
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Lying on Credit Applications on the Rise

The number of borrowers who misrepresent their personal financial information when applying for credit is on the increase, according to Veda Advantage. Recent research conducted by Galaxy Research for Veda Advantage estimates that 1.8 million - or 10% of Australians - have misrepresented their financial information when applying for credit, an increase of 200,000 on the estimates that were compiled only six months ago. The most common form of misrepresentation was an understatment of total...
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