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The latest call to action comes in the wake of disappointing housing finance figures from the Australian Bureau of Statistics (ABS), which reveal that the country’s total number of seasonally adjusted loans for owner occupiers fell by 2.5% in February.
The online poll, conducted by Loan Market, asked 823 respondents ‘which investment sector do you believe will be the most profitable over the coming year?’ and found that 33% tipped shares to be the year’s best performer, while 31% opted for residential property.
According to a survey of 1,000 prospective first home buyers, carried out by the Mortgage and Finance Association of Australia (MFAA), eating out (35%) is the number one luxury that prospective first home buyers are missing out on in order to raise that deposit.