Residence Loans – Star Ratings

In This Report
We investigation and rate 1,189 home loan goods from 102 home loanproviders to determine which items provide outstanding value for money.

Are we in the midst of a housing bubble? Are property costs set to skyrocket additional? Are we set to turn out to be a nation of renters? Is the Australian house industry headed for a large crash?

With so numerous varied opinions getting debated continually online and in print you could forgive Australians for becoming paralysed by indecision. That is not the case even though – our love affair with property continues unabated.

According to the Australian Bureau of Statistics (ABS), residence ownership rates in Australia have been comparatively constant for at least half a century, at roughly 70%.

But whilst ownership prices might be constant, cost is not, with the real expense of acquiring into the industry rising significantly more quickly than inflation over the past 20 years or so.

The Reserve Bank of Australia (RBA) advises that as at August this year, Australians owed almost $ 916 billion on owner-occupier housing – plus another $ 468 billion on investor housing. Those 2 amounts combined are the equivalent of around $ 58,000 for each and every person at the moment living in Australia.

Residence Loans – Star Ratings