Forums / Getting Technical / Finance / Home loans drop to 9-year low

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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Spare a thought for the poor brokers out there.

    SMH reports Demand for new home loans fell to a nine-year low in April as rising interest rates dampen enthusiasm for housing.

    see article and nice graph at http://www.smh.com.au/business/property/home-loans-drop-to-9year-low-20100609-xuxy.html

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of jacqui_03jacqui_03
    Member
    @jacqui_03
    Join Date: 2010
    Post Count: 142

    Yeah not good. Not many first home buyers in the market at the moment.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Yes thank god but there are a million investors.

    Personally i cant keep up with the demand and hence dont get chance to post as often as I would like.

    I agree though if you relied on FTB for your business i think you would be going hungry.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of number 8number 8
    Participant
    @number-8
    Join Date: 2010
    Post Count: 333

    I might take up taxi driving, while delivering pizza's and sell mortgages out of the boot……

    I concur with Richard, I have had two very big months.

    http://www.birchcorp.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Just upsell, 'would you like a loan with that?'

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of cubman09cubman09
    Participant
    @cubman09
    Join Date: 2009
    Post Count: 37

    Definately seeing a drastic decrease across the board. A lot of the mortgage brokers i speak to feel the same way. There are a lucky few at the moment, but banks are becoming more restrictive. But i think thinks will look up later in the year.

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