Tag Archives: Home Loans

Bank of Mum & Dad Lending Reaches $20b

Unregulated Bank of Mum & Dad loans soar to $20 billion Average loan is $88k up from $30k in 2010 Bank of Mum & Dad now a top 10 bank, with 60% of first time buyers requesting financial assistance in 2018 While regular financial institutions are making property loans harder to acquire (even rejecting applications for Afterpay, UberEats & Netflix

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October brought 2.6% housing finance increase and overall surge

Investor loan commitments saw a 0.6% increase, the first since February First-home buyers rose to 18.1% of all loan approvals Loans for newly-built dwellings behind much of the surge While the real estate sector has weathered a difficult 2018, a look back can often show a silver lining – as is the case here. The arrival of spring often heralds

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