John Symond has come out in agreement with Governor of the RBA, Glenn Stevens‚Äô, position on the state of the Australian housing market in his Anika Foundation speech at Macquarie Bank on 24 July.
Online PR News – 02-August-2012 – NSW, VIC, QLD, WA, ACT, SA, TAS – John Symond has come out in agreement with Governor of the RBA, Glenn Stevens‚Äô, position on the state of the Australian Housing Market in his Anika Foundation speech at Macquarie Bank on 24 July.
Symond, the Chairman and Founder of Australia‚Äôs largest Mortgage Broker Aussie says: ‚ÄúRepayments are now at their lowest in years on the back low interest rates, income growth and lower house prices and loans sizes.‚ÄĚ
‚ÄúI particularly endorse the RBA‚Äôs optimism and agree that arrears have remained low or have even seen some decline in the last year, while house prices are now somewhere around their 2004 levels. The likelihood of the so-called ‚Äėbubble‚Äô bursting seems low, in my opinion."
‚ÄúNow really is an opportune time for first home buyers to consider getting in to the market, especially with the chance of further rate drops in the coming months."
Both variable and fixed rates look appealing, and with an increase of houses on the market combined with positive economic indicators, it provides a great environment to invest in your own place rather than pay someone else‚Äô s rent if you can afford it,‚ÄĚ Symond concludes.
An Aussie broker will offer guidance through the home loans process. Aussie brokers are available 24 hours a day, seven days a week, in all capital cities and regional centres at the request of customers who call Aussie on 1300 44 55 66 or visit http://www.aussie.com.au.
Since its establishment in February 1992, Aussie has grown to become one of Australia‚Äôs leading non-bank retail financial services groups, with operations spanning all mainland capital cities and major regional centres.
Aussie has won the Best Mortgage Broker Award five years in a row as well as the Best Advertising, Marketing and Promotional Campaign 2012 and Best Career Development Program 2012 at the Australian Banking and Finance Magazine annual awards.