Home News Report finds less Aussies need alternative home loan refinancing

Report finds less Aussies need alternative home loan refinancing

Font size :
A new quarterly report by the St.George-Melbourne Institute has revealed a small dip in the number of people looking for alternative solutions for home loan refinancing, suggesting that financial conditions are improving for most Australians.
 
The 15.4% jump to 135.5 points on the index between September and December 2014 represents the best improvement for Australians since the institute started recording data 20 years ago.
 
The report also said the overall household financial conditions index saw an increase of 2.6%, the highest reading in 12 months. However, the index is down 2.9% when compared to the previous year.
 
Andy Fell, general manager of St.George Retail Banking General Manager believes the housing market has had a substantial role in improving financial conditions.
 
"The rising house prices and low interest rates we've seen over the past years have boosted household conditions for mortgage free homeowners and put them in a better financial position.
 
“This is an encouraging sign for Australians with home loans to take advantage of the current market and save more to down pay their mortgage so they can be a step closer to owning their dream home," he said.
 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Friday, Aug 18, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords