TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
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.htmljacqui_03Member@jacqui_03Join Date: 2010Post Count: 142
Yeah not good. Not many first home buyers in the market at the moment.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
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.number 8Participant@number-8Join Date: 2010Post Count: 333TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190cubman09Participant@cubman09Join Date: 2009Post 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.