Which States Lean More Towards Borrowing?
Out of the 43,963 home loans financed in the month of January, 28% of loans have been sought by borrowers in NSW. Close on their heels are borrowers from VIC, standing at 27%. In an article for the website realestate.com.au, Venessa Paech informs us on the borrowing habits of the Australian citizenry.
In terms of average loan size, NSW’s $357,000 was the highest (NSW topping on two counts) followed by ACT’s $341,700 and Western Australia’s $320,300.
Miss Paech talks about the need to be savvy and adds that buyers should be on the prowl while comparing home loan rates and best offers- after all, the gap between the ‘best case’ and the ‘worst case’ on variable rate is as much as 4.5%. It then becomes important that the borrowers press the lenders as much as they possibly can.
You can read the original article here.