Browse: Home / housing affordability

housing affordability

Nothing down and low deposit finance turns on first home buyers

By Rick Adlam on Tuesday, March 16, 2010

Home buyers turn to no deposit and low-deposit mortgages
Lowering home affordability means that first-time home buyers are cutting back on the size of their deposits and opting for bigger mortgages, industry people say.

Average deposits for first-time buyers have shrunk to between three and six per cent in recent years compared with the traditional 10 to 20 [...]

Posted in , , , , | Tagged , , , , , , , , , , , , , , , , , , ,

Equity Finance Mortgage may create a home buying spree

By Rick Adlam on Tuesday, March 16, 2010

Adelaide Bank’s shared equity home loan
The Adelaide Bank is the first bank in Australia to launch a shared-equity home loan which could make property ownership easier, but analysts warn it could boost house prices.
The Shared Equity Mortgage [Equity Finance Mortgage] is a home loan product that allows home owners to borrow as little as 75 [...]

Posted in , , , , , , | Tagged , , , , , , , , , , , , , , ,

Next »