Markets conditions swell homebuyer hopes

By |

When will it be a good time to buy a property? This is the question a recent industry study set out to answer, with half of Aussie homebuyers believing that time is now

Genworth’s Homebuyer Confidence Index (HCI) claims that Australian attitudes toward buying property are at their most positive since 2007. 

Driven by improved affordability and an RBA cash rate at a significant discount to the 15-year average, the study shows sentiment is up 2.2% on March 2012 figures – making it the highest sentiment levels have been at since the GFC.

The HCI further indicates that nearly half (49%) of those surveyed believe now is a good time to buy a home. This is another high since 2007 and a 10% increase from March 2012. 

Genworth CEO Ellie Comerford said the results show homebuyers are far more positive than much of the current public debate on the economy. 

“Australia has some compelling economic indicators and a low cash rate that is making many potential homebuyers believe that now is a good time to be considering home ownership,” Comerford said. 

Comerford was quick to add, however, the concerns remain around the global economy and the future impact this might have locally.

Do you have more than $200k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : geelong west , alderley , west wodonga , west rockhampton , padbury

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here