Home Lending Boomed Higher Before The RBA Hiked! скачать в хорошем качестве

Home Lending Boomed Higher Before The RBA Hiked!

We finally got the 4th Quarter Lending Stats from the ABS, checks calendar, in the middle of February, and while there was an increase in first homebuyers encouraged into the market by high LVR loan availability this was overshadowed by the growth owner occupiers and investors. And we see that average loan sizes were materially higher as borrowers were expecting lower interest rates and were leveraging up in to the market. First Home Buyer average loan sizes jumped to be above $600K for the first time - encouraged by the Governments wonky home deposit scheme. This was all absolutely predictable, in the light of the 3 rate cuts we had last year, and the 5% deposit scheme in October and as I discussed in my live show yesterday this is at a time when many households are caught in the rising debt trap. What we do know is that with a smaller deposit, you need a bigger and more expensive loan, unless you get help from the Bank of Mum and Dad. The ABS reported that ‘The size of the average first home buyer loan rose by a record 8.5 per cent to $607,624 this quarter and was largely driven by first home buyers in NSW. The Australian Government 5% Deposit Scheme has increased the eligibility criteria for first home buyers and we are seeing the early effects of this in our data'. As I showed yesterday many households are spending well over a third of their net disposable income on housing, and its rising. What could possibly go wrong? And again, I ask, why on earth did the AB choose to switch to belated quarterly reporting of the new lending stats, and select the First-Time Buyer angle in their release? How independent are they? If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you. Buying property, is both challenging and adversarial. The vendor has a professional on their side. Emotions run high - price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make. Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest. Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER. Find more at https://digitalfinanceanalytics.com/b... where you can subscribe to our research alerts Please consider supporting our work via Patreon:   / digitalfinanceanalytics   Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1 Please share this post to help to spread the word about the state of things.... Caveat Emptor! Note: this is NOT financial or property advice!! 🚨BEWARE OF SCAMMERS🚨 As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram