At Australian Broker, we love a bit of healthy discussion, which is why we honour our favourite comment each week with a lofty little title. Drum roll please..
First home buyers have had it tough in recent years, and the latest figures reveal they are now at their lowest ever levels
This week, reader Loretta
hit back at one of the major factors preventing first home buyers from getting a foot on the property ladder.
"Three words: lenders mortgage insurance. No wonder FHB numbers are down. LMI has priced people out of the market and has unfair lending criteria, especially if you are located in SE Qld. Just when you think you have ticked all the boxes for formal approval LMI changes the goal posts as they see fit without any warning. Explain that to the client!"
Thanks to everyone who contributed comments over the last seven days and keep an eye out next Friday to see if you're the author of Australian Broker's next top 'Comment of the Week'!