In an article for the website The Adviser, Nick Bendel talks about the inclinations towards spending and borrowing manifest by the First Home Buyers. FHBs are going the ‘personal loans’ and ‘credit card’ way to conjure up the upfront costs.
Already, the average loan is high enough and if FHBs add personal loans and credit cards to the game, they are only going to make things tougher for themselves, asserts Bendel. It is no hidden fact that FHBs are having a tough time; what with them being elbowed out of the market by the investors and owner-occupiers. They also need to tone down their spending habits because at the moment they are spending a considerable part of their savings.
You can read the original article here.
The year 2014 has sure as hell shown a mixed bag to the investors. ‘15’ is going to usher us into a climate of uneven growth and restrained inflation, says Michael Yardney for an article on the website Property Update.
In an article for the website The Adviser, Nick Bendel talks about the precipitous decline in the number of First Home Buyers. In fact, AFG Brokers, a reputed firm in NSW reports that only 1.9% out of the total number of mortgage applicants in NSW in the month of November were First Home Buyers.
The debate centred on the “ideal investment property” can go on endlessly. There are many schools of thoughts regarding what makes for a property investment safe haven. Here are 5 components around which there is a consensus in the expert fraternity.
An article on the website Your Investment Property talks about how borrowers are intent on freezing their interest rates because of the low mortgage rate climate. As a result, fixed rate home loans have been on the rise and they have made up for 26.64% of total loans written in the month of October. This coincides with an eight month high.
