Mortgage Refinancers Boost Loan Market Activity

More and more Australians are looking for a better deal on their home loan, with the most recent data from the ABS revealing that refinancing activity jumped by 17% over 12 months and 5% over three months. With the RBA having since instigated back to back interest rate cuts, it is predicted that real estate activity will increase further in the coming months. “The RBA rate cuts in November and December have brought forward queries of those looking to refinance and also first home buyers, p...
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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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