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Out of cycle rate hikes concerning FHBs

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Julia Corderoy | 30 Nov 2015, 07:29 AM Agree 0
Out of cycle rate hikes by many Australian lenders is concerning first home buyers, new data has revealed
  • Regional Broker | 30 Nov 2015, 09:18 AM Agree 0
    We are not seeing this as much in my region, as blocks are cheap and that makes affordability easier, what is really needed is for all state governments and the FEDS to look seriously at First Home Buyers having strong incentives to build or buy. Yes many say its false, but it actually does works and is revenue neutral, as every sale, purchase, build has some GST revenue in it.
  • Papery | 30 Nov 2015, 10:00 AM Agree 0
    It may be a great time if your a first time home borrower for the product options but thats contradicted by the stupidly expensive house/land prices making it a terrible time to be a FHB.
  • James | 30 Nov 2015, 02:55 PM Agree 0
    Pick any country where the dollar is worth more than AUD like USA and still their houses are much bigger, nicer and cheaper than what can be found anywhere in Australia. Like all first home buyers we believe property is overpriced and find it interesting how London (UK), Sydney(Australia) and Toronto(Canada) are all facing similar issues and all predict property to slow down or crash between 2016-2018. So why are they the most expensive cities in the world? what do they all have in common that's created gen-y to cry over property being overpriced?
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