Gen Y capable of repaying their mortgage
Nov 27th 2009, 3:22 am
#1
Guest
Posts: n/a
Gen Y capable of repaying their mortgage
http://news.theage.com.au/breaking-n...1123-iuqy.html
and
http://www.wabusinessnews.com.au/sto...urvey/features
If all that is correct, it explains why people are still buying, and why the RBA said "High Home Prices are Sustainable", even with the Mortgage rate only expected to reach 8%
The independent online survey was conducted by Veda Advantage in early November 2009. http://www.vedaadvantage.com/
I do admit I am surprised... very surprised, at this bit
and
http://www.wabusinessnews.com.au/sto...urvey/features
Generation Y mortgage holders are capable of repaying their mortgage at an interest rate of at least nine per cent, a mortgage broker survey says.
According to Mortgage Choice's 2009 consumer sentiment survey, 64 per cent of existing borrowers aged 18 to 29 years said they could afford repayments at, or above nine per cent.
Of those, almost half - 46 per cent - are prepared to repay at 11 per cent or more.
According to Mortgage Choice's 2009 consumer sentiment survey, 64 per cent of existing borrowers aged 18 to 29 years said they could afford repayments at, or above nine per cent.
Of those, almost half - 46 per cent - are prepared to repay at 11 per cent or more.
The independent online survey was conducted by Veda Advantage in early November 2009. http://www.vedaadvantage.com/
I do admit I am surprised... very surprised, at this bit
More than a third of Australians plan to buy a property over the next two years despite worries over rising interest rates a new survey had shown.
Nov 27th 2009, 4:00 am
#2
BE Forum Addict
Joined: Jul 2008
Posts: 1,048
Re: Gen Y capable of repaying their mortgage
A mortgage broker saying that? Who would have thought!
Still - bring on the high interest rates my savings could use a boost.
Still - bring on the high interest rates my savings could use a boost.
Nov 27th 2009, 5:09 am
#3
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Gen Y capable of repaying their mortgage
http://news.theage.com.au/breaking-n...1123-iuqy.html
and
http://www.wabusinessnews.com.au/sto...urvey/features
If all that is correct, it explains why people are still buying, and why the RBA said "High Home Prices are Sustainable", even with the Mortgage rate only expected to reach 8%
The independent online survey was conducted by Veda Advantage in early November 2009. http://www.vedaadvantage.com/
I do admit I am surprised... very surprised, at this bit
and
http://www.wabusinessnews.com.au/sto...urvey/features
If all that is correct, it explains why people are still buying, and why the RBA said "High Home Prices are Sustainable", even with the Mortgage rate only expected to reach 8%
The independent online survey was conducted by Veda Advantage in early November 2009. http://www.vedaadvantage.com/
I do admit I am surprised... very surprised, at this bit
